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How to Check Your Credit For Free
Many of us never bother to check our credit. Why? Because we feel like we’ve been through some rough patches; maybe defaulted on a loan, have a past eviction, or even stole a few items from a rent-to-own business and the credit world has branded us for life. This is why leaning how to check your credit for free will give you an overview of where you stand with your credit and see how bad it really is or isn’t.
First, let me say that you should not just assume that you have bad credit. If you’ve had trouble paying your bills, collections or even judgments against you that don’t stay on your credit report forever, then don’t just assume you can’t get credit because of your past.
Many websites will tell you to contact the creditor and pay off your old debt, but what the smart people will tell you is to check to see how long ago your bad debt was reported to the credit bureaus. After seven years, many items will fall off your report and while it is the honorable thing to contact your creditor and pay it, the smart thing to do, especially if you don’t have the extra cash, is to let it disappear in. the sunset and go away forever. Just remember, never try to get credit from the company again because they will remember and reject you outright.
One great and free way to check your credit is through credit monitoring sites like Credit Karma. Now this is not an advertisement for the site, but simply letting you know that by entering your personal information, you can get a full account of who you owe, how old the debt is, and how much they claim you owe.
This site, like many others, will offer suggestions based on your credit score they will provide you with what kind of credit you are likely to qualify for. The forum is filled with others just like you who have had ups and downs with credit, so you’ll know what to expect before applying.
The truth is, some individuals are just afraid to check. They again assume their credit is terrible so they end up with no bank account (due to bounced checks), no credit cards (due to defaults), and end up using the local check cashing brick and mortar and prepaid debit cards, both of which you have to spend money on to have access. This is just crazy spending money to add money to a prepaid card, or paying 3-5% to cash in on your paycheck.
If you are ready to build your credit and are able to use credit responsibly, now is the time. After you’ve signed up and reviewed your situation, try the shopping cart trick to see if you qualify for department store credit cards. You can find this information on My Sista Gurl and see how easy it is to get cards like Victoria’s Secret, The Avenue, Gap and more without a hard inquiry on your credit report.
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