Bible Money Matters

Christian personal finance

Menu
    • About
    • Archives
    • Contact
    • Close
  • Making Money
      • Popular Articles

        • 50 Ways To Make Money: Maximizing, Creating And Increasing Your Income
        • 10 Weird And Unconventional Ways To Make Money
        • Making Money With A Blog (e-Book)
        • 10 Places To Sell Or Trade Your Unused (Or Broken) Electronics
        • Ways To Make Extra Money Series: 20 More Income Generating Ideas From Our Readers
        • Making Side Income Can Help Blunt The Impact Of Becoming A One Income Family
        • Earn Cash Back With Discover it® Credit Card
      • Recent Articles – Making Money

        • Best Sites Like Fiverr To Make Money As A Freelancer
        • 13 Of The Best Independent Contractor Jobs
        • 25 Of The Best Gig Economy Jobs
        • How To Make Money Blogging: Turn A Blog Into A Business
      • Categories

        • Making Money
        • Investing
        • Retirement
        • Jobs & Work LIfe
        • Money
        • Income
    • Close
  • Saving Money
      • Popular Articles

        • 50 Easy Ways To Save Money Every Month
        • 10 Weird And Unconventional Ways To Save Money
        • 10 Practical Ways To Save Money And Increase Your Net Worth
        • How To Save Money On Just About All Of Your Regular Monthly Bills
        • Ways To Watch TV Without Paying An Arm And A Leg For Cable TV
        • Save Money On Your Hospital Bill - Just By Asking
      • Recent Articles – Saving Money

        • How To Save $100k In 7 Practical Steps
        • Stairs App Review: Save And Invest To Earn 4-6% Interest
        • Honey Review: Save Money Automatically When You Shop Online
        • 9 Convincing Reasons Why You Need An Emergency Fund
      • Categories

        • Saving Money
        • Frugality
        • Planning
        • Finance
        • Saving For Retirement
        • Savings Accounts
    • Close
  • Banking
      • Best Rates For 2019

        • Best Credit Cards
        • Best Savings Accounts
        • Best Mortgage Rates
        • Best CD Rates
        • Best Brokerages
        • Free Credit Scores
      • Recent Reviews

        • TradeStation Review: Commission Free Stock And ETF Trades
        • Firstrade Review: Commission Free Trades on Stocks, Crypto, And Options
        • Cadre Real Estate Investing Review: Commercial Real Estate Investing
        • Axos Self Directed Trading Review: Invest, Trade Stocks For Free
      • Categories

        • Bank & Software Reviews
        • Investing
        • Credit
        • Banking
        • Mortgage
        • Insurance
        • Family Budget
    • Close
  • Recommended
  • Video
    • Close

3 Things You Should Know About Consumer Credit Sites

By Miranda Marquit Leave a Comment - The content of this website often contains affiliate links and I may be compensated if you buy through those links (at no cost to you!). Learn more about how we make money. Last edited December 21, 2018.

Share19
Pin9
Tweet29
Share6
63 Shares

There are a lot of consumer credit sites popping up lately. Indeed, a number of sites like Credit Sesame, Credit Karma and Credit Wise purport to give you an idea of what to expect when it comes to your credit, and better managing your finances.

These sites can be extremely helpful to you. For example, all three sites provide you with ways you can save money on your loans, by suggesting debt consolidation credit cards, or helping you figure out if you could refinance to a lower rate. Not only that, but you can keep tabs on your overall general credit situation, since some of these consumer credit sites allow you access to a credit report from a major bureau — on top of the access you get through AnnualCreditReport.com.

While consumer credit sites can be helpful, you do need to be aware of their limitations. Here are 3 things you should know about consumer credit sites:

credit-scoring-sites

Quick Navigation

  • 1. The Credit Scores May Not Be “Official”
  • 2. Some Premium Products Might Cost Money
  • 3. You Might Not See All Available Deals
  • Check Out Some Of The Best Credit Scoring Sites

1. The Credit Scores May Not Be “Official”

First of all, you need to realize that the credit scores offered through these sites might not be “official.” There are a number of different credit scoring algorithms, and this means that you might end up with a consumer version of a score, or with a score that isn’t actually used by a lender.

This doesn’t mean that the credit score is completely useless. Since most of these consumer credit sites offer free access, you can still use these scores to your advantage. While they aren’t going to give you the same information that a lender might use, you can still use them to get an idea of the direction in which you are moving. These credit scores offer you a chance to monitor your progress, improve your situation, and watch for red flags.

2. Some Premium Products Might Cost Money

Realize that some of the premium products and resources offered by some consumer credit sites might cost money. In many cases, you don’t have to enter any credit card information when you sign up. This is a good thing. However, if you want access to certain tools or resources, you might be asked to pay. Realize that not all features are available to those with free accounts. You might need to be willing to shell out if you want access to the best tools available.

This might also include extra looks at a credit report. You might be entitled to a free credit report from one of the bureaus once every six months (coordinate this with your free report from AnnualCreditReport.com), but if you want increased access, it could cost you. Read the fine print.

3. You Might Not See All Available Deals

I love that consumer credit sites offer you access to money-saving deals on your financial services and products.

It’s important to understand, however, that these sites get kickbacks from leads they send. This means that you might not see all of the deals available to you if you rely entirely on one site. You might only see deals from preferred providers. Be aware of this and comparison shop when making a decision.

Check Out Some Of The Best Credit Scoring Sites

If you want to check out some of the best credit scoring sites, here are 3 of our favorites.

  • Credit Karma (Review)
  • Credit Sesame (Review)
  • Credit Wise from Capital One

Don’t forget to also check your credit report on a regular basis to ensure your identity hasn’t been stolen.  In addition to a free score, Credit Wise and Credit Karma will give you a free credit report. You can also always get one for free from each of the 3 credit bureaus every year at:

  • AnnualCreditReport.com

The point is, make sure you’re aware of what these sites offer, and how you can use the information you’re given. Be sure to read the fine print about if extras will cost you money, and if so, how much. Finally, always stay on top of your credit, especially when you’re trying to get a mortgage or some other type of loan.

Consumer credit sites can be great financial tools, but you need to be aware of their shortcomings, and carefully choose how you use them.  Have you tried using these consumer credit sites? What has your experience been?

Related Posts

  • Get A Free Daily Credit Report From Credit Karma

    For the past couple of years, my wife and I have been keeping close tabs on our credit. We purchased a house in late 2013…

  • Credit Sesame Will Give You A Free Credit Score, Credit Monitoring And Identity Theft Insurance

    Credit Sesame is a service that gives you FREE monthly credit scores and credit monitoring. Here is what they have to offer, and why you…

  • Credit Sesame Will Give You A Free Credit Score, Credit Monitoring And Identity Theft Insurance

    Credit Sesame is a service that gives you FREE monthly credit scores and credit monitoring. Here is what they have to offer, and why you…

Share19
Pin9
Tweet29
Share6
63 Shares
Last Edited: 21st December 2018 The content of biblemoneymatters.com is for general information purposes only and does not constitute professional advice. Visitors to biblemoneymatters.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.

This article is about: Credit, Credit Card

About Miranda Marquit

Miranda is a freelance writer and professional blogger. She writes for a number of personal finance blogs, including the AllBusiness Personal Finance Corner. She has a M.A. in journalism, and is the main author of Planting Money Seeds. Miranda lives Utah, where she enjoys spending her free time reading, traveling and playing with her son and husband.

Share Your Thoughts: Cancel reply

Previous Post: 4 Easy Steps To Start Getting Your Finances In Order
Next Post: You Need A Budget 4 (YNAB) Is Now Free For College Students
Discover Investment Platforms

Popular Posts

  • 21 Easy Ways To Earn Free Amazon Gift Cards
  • 10 Best Free Tax Filing Services And Software Online
  • 21 Apps That Pay You Real Money Fast
  • 17 TV Apps And Live TV Streaming Services To Watch TV Free
  • 30 Legit Online Jobs That Pay Well
  • 37 Easy Ways To Get Free Gift Cards
  • How To Get Free Stock
  • 40 Easy Ways To Get Free Money Fast
  • 21 Places To Read Free Books Online
  • 24 Legit Online Jobs
  • 17 Best Work From Home Jobs: A List Of Legit Online Jobs That Pay Well

Recent Posts

  • How To Save $100k In 7 Practical Steps
  • How to Save Money When Remodeling A Home
  • How To Hire A Contractor For Your Remodeling Project
  • Remembering 9/11 Years Later: Where Were You On That Fateful Day?
  • TradeStation Review: Commission Free Stock And ETF Trades
  • Firstrade Review: Commission Free Trades on Stocks, Crypto, And Options
  • Cadre Real Estate Investing Review: Commercial Real Estate Investing
  • Best Sites Like Fiverr To Make Money As A Freelancer
  • Axos Self Directed Trading Review: Invest, Trade Stocks For Free
  • 30 Quotes About Easter And Resurrection: He Is Risen!

Disclaimer

The information contained in BibleMoneyMatters.com is for general information or entertainment purposes only and does not constitute professional financial advice. Please contact an independent financial professional for advice regarding your specific situation.

In accordance with FTC guidelines, we state that we have a financial relationship with some of the companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.

Any references to third party products, rates, or websites are subject to change without notice. We do our best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers.

Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates.

We respect your privacy: Privacy Policy.

Thanks for visiting!

Bible Money Matters - Seen On These Sites and more..
Bible Money Matters is a personal finance, entrepreneurship and investing community. Give more, save more and live more.

Copyright © 2023 · Bible Money Matters | Sitemap | Advertise | Privacy Policy