Ok, so today’s post is going to be a little bit serious. It’s about debt and getting out of it. I know with the economy being how it is, we are all spending less, but a lot of us may be digging out of the debt we incurred a while back. Due to lack of raises or pay cuts in some cases, it may be difficult for you to get out of debt. Or buy a new home or a car. Here are two FREE websites I have been using for quite a while now that help with credit monitoring.
Requires your social security number
Uses Transunion’s formulas to calculate an estimation of your credit score
Suggests deals on credit cards, loans, mortgages, and banking to help you save money
Credit Report Card helps you track your debt-to-income ratio and the “temperature” of your credit report
Can be updated for free daily
Does not require your social security number
Uses Equifax’s formulas to calculate an estimation of your credit score
Helps you set financial goals and tracks them
Gives you a full credit report
Can be updated for free every 6 months
Can be updated monthly for $7
Personally, I prefer Credit Karma because you can update it more frequently. It allows you to see if a new account has been added and if you have an increase in hard inquiries, both of which can help you indicate if someone is trying to commit credit fraud with your information. CK also shows how your debt is broken down, whether it is credit cards, mortgage, student loans, personal loans, or car loans. It also tracks month to month so you can see how your debt has been trending.
Either way, both sites are free, so use them to your advantage!