My credit score wasn’t great when I first started blogging but it was still better than some people I know. I have a better track record of paying my bills on time and since I have a higher score can more easily get credit. They thought it was pretty awesome that I had good credit but it took me a long time to agree that having great credit was cool and worth the effort to achieve.
Over the years I’ve been blogging I was able to raise my low credit score to one that is considered excellent. This has helped save me lots of money in interest rates on my loans and has put me in a much better position financially.
How To Improve Your Credit Score
While I don’t take pride in having a great credit score, it has been something I’ve worked to improve over the years. I knew that in the future I’d want to buy a car and get a mortgage loan to purchase a house for my family. Ultimately a high credit score wasn’t a point of pride but a practical matter that I needed to improve to help myself and my family.
My own credit score went from the low 600s to the high 700s which improved my loan interest rates and will help me get a good mortgage in the future. There is still room for me to improve my credit score, but I’m happy to say that in just a short amount of time I’ve raised my credit score by at least a hundred points.
If you want to improve your credit score, here are the steps I took and you can take too.
- Check your credit score for free with Credit Sesame.
- Pay your bills on time every month and never be late.
- Keep your balances low on credit cards and revolving credit.
- Do not close old accounts you don’t use.
- Apply for and open new credit only as needed.
- Pay off debt as you can rather than moving it from account to account.
- Make responsible purchases on credit that you know you can pay off.
- Don’t obsess about your score, just let it improve over time.
These are the basics for improving your credit score. It all starts with knowing your credit score (click here to check your credit score for free at Credit Sesame). Once you know what you are working with you will know how much it can improve by implementing the basic ideas for improving a credit score.
If you are planning to use credit less and don’t need it for a future mortgage or car loan or new job then your credit score will be less important. Remember that even if you are planning to use credit you don’t need to open new accounts to improve it. Just work with what you already have and pay things on time and use it responsibly.
Check Your Credit Score
Regardless of whether you like your credit score or plan to utilize it in the long run, it is important to know what it is. If you are planning to get a mortgage or some type of loan. That’s why I and other personal finance bloggers recommend Credit Sesame for checking your credit score for free.
If you need to check your credit score for free, then Credit Sesame might be right for you. Credit Sesame does not ask for a credit card upfront so they won’t charge you for getting your credit score for free in the beginning.
Credit Sesame works by using the Experian National Equivalency score. This is similar to the FICO score which is what lenders look at when deciding to give you a loan and what rate that loan should be. You can see how your credit score is displayed by the example of mine to the left. It shows you your credit score and where you fall in the list from poor to excellent.
Credit Sesame doesn’t charge you for your credit score because they make money by showing you different loans you will qualify for. When you click through on those links Credit Sesame makes money from that. You are under no obligation to do so and can just use the service for your free credit score. Then if you see a loan that is a really great deal you can always go through that link to support the good service offered by Credit Sesame. It’s really a win for everyone!
Checking your credit score with Credit Sesame won’t hurt your score because it’s a soft pull instead of a hard pull like the kind a lender does. It doesn’t hurt your credit score, it gives you the knowledge you need, and it can potentially help you raise your score and save you thousands of dollars in interest in the long run. Why would you not check your credit score for free at Credit Sesame?
If your are interested in using this free service and getting your FREE credit score at Credit Sesame click here. It’s free and a great way to know your credit score (just ignore the special offers and deals they suggest for you to keep it free).