Finances (US)

Best way to check your credit score: learn now!

Do you need to improve your finances and have a higher score? Check out our post to learn the best way to check your credit score!

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by Victória Lourenço

09/13/2022 | Updated on 09/14/2022

Find the best way to check your credit score and learn more about financial health!

Check your credit score and learn about your finances. Source: Adobe Stock.
Check your credit score and learn about your finances. Source: Adobe Stock.

If you need a way to improve your finances, you should check your score. It is the most important number on your finances. Finding the best way to check your credit score can help you find incredible opportunities.

Also, you can use your credit score to get the best deals on insurance and credit cards. Moreover, you can find incredible loan and mortgage deals with a high credit score. Also, you can get lower interest rates!

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In addition, there are many tips you can follow to increase your score. And checking your credit score is one of them. By keeping track of your credit score, you can have a healthier financial life.

Moreover, you don’t need to start managing your credit score and finances all alone. There is always help out there. For example, you can find a website or app that lets you check your credit score with one click.

Also, many of these websites let you keep track of your credit score for free! And you can even find incredible deals for other features, such as data protection and others.

So, if you really want to turn your financial life around and increase your score, keep reading our post to know which is the best way to check your credit score!

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Can you check your credit score with no impact?

Before you learn the best way to check your credit score, you should know if you can check your score with no impact. Well, you can be sure that your credit score will be fine if you check it to keep track of it.

You can definitely check your credit score with no harm to it if you just want to keep track of your finances and manage your score.

Also, there is no negative impact on one’s credit score by viewing one’s own credit report or score.

In fact, keeping tabs on your credit report and score on a regular basis might alert you to the first indicators of identity theft, giving you time to take preventative measures.

What are soft and hard credit checks?

Requesting a copy of your credit report or checking your credit scores is considered a “soft” inquiry.

There are many more typical sources of soft inquiries, such as promotional credit card offers from companies and lender account checks.

Soft inquiries have no bearing on your credit score, and lenders won’t see them while checking your credit report. You may access them, and they’ll stay on your credit reports for 12 to 24 months.

The other type of credit check is a “hard” one. Following an application for a loan or credit card, a lender will review your credit report to determine your eligibility.

Also, a hard credit check can be made when there are large purchases related to financing. These can include buying a house or arranging a mortgage.

Moreover, while you shop around for the most competitive rates for these purchases, several hard inquiries are often categorized as one hard inquiry. And this can be a period of 14 to 45 days.

Where can you check your credit score?

Where can you check your score? Source: Adobe Stock.
Where can you check your score? Source: Adobe Stock.

Once every 12 months, you may see your credit report for free from each of the three main credit reporting agencies in the United States by visiting official websites.

However, just checking your credit report every 12 months will not help you keep track of your finances. You’ll need to find the best way to check your credit score!

There are many credit score monitoring apps and websites that can help you in this task! Not all of them are free or good, but you can definitely find the best one for your financial needs!

What is the best way to check your credit score?

The best way to check your score is to go for credit monitoring apps and websites that let you do this for free! You can create a financial plan that will help you make your financial life healthier.

With the help of these apps and websites, you can manage your score and even get alerts on what’s happening to your score at the moment. This way, you’ll know if your financial plan is working or not!

You can find many incredible apps and platforms out there that let you check your score for free. However, you’ll need to extensively research if they are safe and trustable before you start using them.

What affects your credit score the most?

You have to know what impacts your credit score. Source: Freepik.
You have to know what impacts your credit score. Source: Freepik.

It’s important to learn about the factors that might affect your credit score no matter where you are on the path to financial security. Also, you need to learn more about your score and how it is calculated.

This way, you’ll find better ways to follow your financial plans to reach a healthier financial life!

Moreover, we will show you below the top three factors that affect your score the most. Check it out!

Payment History

Payment history is the factor that affects your credit score the most. You need to be careful with late payments and debts you may have.

Amounts owed

This is not directly related to your debts. How much you owe also includes your credit utilization ratio. This is the second most important factor that can hardly affect your credit score.

You need to be careful with how many credit cards you have. And you need to keep track of how much credit you use in each one of them. Generally, you can’t use more than 30% of your total credit.

Length of Credit Record

If you’re new to credit, this can affect at least 15% of your credit score ratio. So, if you haven’t used credit, you’ll have a lower score or no score.

However, if you have more time using credit correctly, this can account for up to 15% of your score, and it’s a good thing.

Well, now that you know which is the best way to check your credit score and how to increase it, you can build credit! Plus, you can find better ways to have a peaceful and more complete financial life!

Use a credit monitoring service to keep track of your credit like a pro

Now that you know the importance of having a strong credit score, you need the tools to keep an eye on this three-digit number. You can get a credit monitoring app to check your credit score regularly.

And if you need a suggestion to start off, you can check our Equifax Credit Score and Monitoring full review on the following.

equifax review

Equifax Credit Score and Monitoring full review

Equifax offers many valuable products for credit monitoring and protection. Check out the full review!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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