The past couple of years my wife and I have been keeping close tabs on our credit. We purchased a house in late 2006 and making sure our credit was in good shape was important while we were looking for a home loan. (Yes, I know. We bought a house right before the bubble burst. Bad timing.)
Credit scores can run anywhere from a 300 to a 850 depending upon different factors. The higher your FICO score, the better. Last we checked we’re somewhere in the mid to high 700s.
You can now get a free annual credit report through the government’s website at annualcreditreport.com. There you can pull your free report every year from the top 3 credit reporting agencies (Experian, Equifax, Transunion).
For another credit score option there is a new credit score checking website called Credit Karma. The site will give you daily updates on your credit score – which is your actual Equifax credit score. Credit Karma is free, which is a great value when you would have to pay at least $15 or so to get the credit score directly. The site is supported by advertisers, however, and you’ll be given a variety of credit and bank account options to sign up for. All in all not a bad deal!
Last Edited: 15th March 2011
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