Remember me telling you about Credit Sesame? It’s a FREE website, where you can see your credit score (it’s updated monthly), learn ways to lower your debt, and work towards your financial goals. My financial goal is to purchase a home in 2014 (when my current lease is up). That’s a rather large purchase and means my credit needs to be excellent, if I want to get the best rate possible.
Here’s a screen shot of my score over the past few months. I actually dropped 6 points last month, but that’s because I opened a new line of credit (which will essentially make my score better, as time goes on). This month, i’m up 15 points!!
This score will update monthly (again.. totally FREE – no credit card needed…ever)!
CLICK HERE to join for FREE
This is a sponsored conversation written by me on behalf of Credit Sesame.
How many of you remember me telling you about Credit Sesame? It’s a FREE website, where you can see your credit score (it’s updated monthly), learn ways to lower your debt, and work towards your financial goals. For me, it’s buying a house in the next year or two. That’s a rather large purchase and require me to have a very good credit score.
Here’s a screen shot of my score last month, and a screen shot of my score this month. I actually dropped 6 points, but that’s because I opened a new line of credit (which will essentially make my score better, as time goes on). This score will update monthly (again.. totally FREE – no credit card needed…ever)!
In addition to the awesome features, they’re offering up a $250 prize! To enter, just sign up for a FREE account. That’s all there is to it. It’s a nice addition to the already fantastic (and FREE) services that they offer!
This is a sponsored conversation written by me on behalf of Credit Sesame. Contest ends June 22, 2012. A random winner will be selected by June 30, 2012. Official Rules can be found at www.CreditSesame.com/OfficialRules
If you’re looking to make any kind of significant purchase (house, car, etc), you need to have good credit. Otherwise, you risk being declined… or, having them bog you down with an insanely high interest rate. No one wants either of those options! We can help though! Here are a few tips for building and maintaining good credit!
When to pay
It should go without saying that it’s extremely important that bills get paid on time. All it takes is forgetting to pay that magazine subscription bill, and WHAM! It shows up as a negative on your credit report. Credit lenders look for people who are able to pay their bills on time. They want to know that the people they’re lending money too, will actually pay it back. Note: If you ever hit a rough patch and can’t pay your entire bill, call the company (or companies) and explain that to them. As them to work out a payment plan with most. It’s important that you do this BEFORE the bill is delinquent. If you wait until it’s already late, they will be less likely to work with you.
When NOT to pay
If you already have seriously delinquent items on your credit report, it may be best to NOT pay those items. Most negative items will automatically be removed from your credit report, in 7 years. If it’s been 4 years since you’ve made a payment (or spoke to the creditor), then do NOT pay the bill! Why? Because once you communicate with that company (be it via phone, letter, or by paying a bill), it will show new activity for that item on your credit report – which then bumps that negative item to the top of the list (so to speak). This will actually extend the time in which a negative item stays on your credit report.
Monitor your credit
I can’t stress this enough! You MUST monitor your credit. Not only will this help you understand how credit reporting works, but it will also help you spot a possible identity theft, should strange things pop up on your credit report. You want to be on your toes. Your credit score is a big part of who you are, whether you realize it or not.
You can actually monitor your credit for FREE, using Credit Sesame. There’s no credit card needed! It’s not a free trial either. It’s a 100% FREE way to monitor your credit report and credit score. In addition, there’s a TON of info on there to help you get caught up on debt! Click here to sign up for a FREE account.
These are wonderful and powerful things. In the right hands, they will quickly build credit and show lenders that you can act responsibly with the credit line you’ve been given. In the wrong hands, a person can go seriously in debt and further tarnish their credit.
For those who are serious about fixing their credit or building their credit, a credit card can go a long way. The thing to remember is that you never want to spend more then 1/3 of your limit, at any given time. Lenders look to see that other financial institutions have extended a line of credit, but you’re using it responsibly. Going over 1/3 of your limit sends a red flag. This tells them that you’re in a rough spot and are relying on your line of credit as a way to make ends meet.
Hubby and I have a Citibank Credit Card. They have a lot of great perks and are currently waiving the annual fee! You can apply now for an instant approval by clicking the image below!
My husband and I are looking to buy our first home next year! We’re come up with a 1 year plan which includes stashing money aside and working on our credit scores. We don’t have bad credit, we just have a lack there of. I’ve always been one to save and buy things flat out. That way, I have no debt. That’s a plus to me but apparently, lenders don’t see it that way. They want to see revolving credit lines. Crazy right, you technically have to go into debt to show that you’re credit worthy. Silliest thing i’ve ever heard LOL
Anywho, i’ve been monitoring my credit score COMPLETELY FREE and with NO CREDIT CARD, for the past few months – with Credit Sesame. It’s a phenomenal (and secure) website, where you can keep track of your credit score, what’s appearing on your credit, and even gain VALUABLE insights into how to improve your standing. It’s 100% FREE and updates, EVERY month! This is NOT a trial offer. This is the real deal, folks!
By this time next year, I expect that my husband and I will be first time homeowners! Woohooo!
CLICK HERE to start monitoring your credit for FREE!
You know how you see all the commercials about “free credit report scores” and never can find one that truly is free? Then if you do find some – they don’t tell you your actual score for free, but rather give you info that’s on your credit reports. Even the Credit Report information those sites offer, usually cannot be obtained immediately. I’ve always been told my information is not available and I have to mail a request to be able to see my report. Anyone else have this problem?? Can you relate to my frustration??
Well, Credit Karma provides a truly FREE credit score! Your scores are retrieved securely with no hidden fees. You’ll see your score (yes, the numbers!) right there in black and white! They also have other added benefits on their site. For instance, they list different ways for you to improve your credit score.
PLUS they now offer FREE Credit Monitoring!! This can help you prevent Identity Theft and inaccurate info from showing up on your report. You’ll get alerts if anything significant changes on your credit report. Your credit will be monitored DAILY. Best of all, it’s a completely FREE added benefit you can sign up for, in addition to your regular FREE Credit Karma Account.
The hubs and I were amazed that Credit Karma was offering all the information it did…..for FREE! Honestly, our scores were not as scary as we thought they were going to be, haha. It never hurts to know your score and try to improve it. In fact, it’s really important. A few small steps on your part, can improve your score tremendously.
Note: the site’s address when you start entering info is https:// meaning that it is secure. Your information is safe and you will learn tons of useful facts about your credit. Let us know if you find this site beneficial!