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7 Steps to Getting Your Free Credit Score Through CreditKarma.com

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Locate Credit Score and Credit Report Utilizing CreditKarma.com

Conditions: Given the increasing importance of your credit history, it is essential to have some understanding of your current credit situation. The easiest way to do is that is to request your credit score and report.

Standards: Successfully retrieve your credit score to assess where you need to improve. Physically inspect your credit report for errors that could potentially be hurting your score.

There are many websites out there that will allow you to check your credit score, but one of the best that I have found so far that is really “free” is CreditKarma.com.  What separate’s Credit Karma from the other free sites is the tools that you can look at and play with after you have been given your initial credit score. All of us have heard of a credit score, but very few people actually know what can affect your credit score, as well has the severity of the impact. With Credit Karma, you have a variety of different tools to play with so that you can explore the different relationships between your credit score, and different financial decisions you encounter.

Getting Your Free Credit Score Thorugh CreditKarma.com

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Checking Your Credit Score:

To receive your free credit score on Credit Karma is very easy, and it is the same credit score that your banker will be looking at when they are deciding the terms of your next loan, or the score your credit card company will be looking at. Some other free sites out there give you an approximation of what your credit score would be based upon the information that you have entered into their system. With Credit Karma, you’re getting the real score from TransUnion one of the major credit score companies.

Performance Steps
Getting Your Free Credit Score Thorugh CreditKarma.com

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Step 1: By going to www.creditkarma.com

The link “Get Started Now” is right on the opening page.

Step 2: Fill In Your Info

By clicking this icon it will take you over to a sheet where you can fill in simple information such as name, email as well as what you would like your login and password for the website to be

Getting Your Free Credit Score Thorugh CreditKarma.com

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Step 3: Confirm Your Email

After you have entered in this information, Credit Karma will send you an email confirmation to the email address that you just entered into the information section. This is another security precaution to ensure that you are entering in a legitimate email address. Go to the email you entered and click on the confirmation link that is provided in the email. This will take you back to Credit Karma, and you will be required at this point to enter in some more information.

Getting Your Free Credit Score Thorugh CreditKarma.com

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Step 4: Enter More Personal Information

Getting Your Free Credit Score Thorugh CreditKarma.com

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On this site, you will be required to enter in your social security number, this is required so that they can verify who you are as well as give you the real credit score from the credit companies. After entering in the next set of information and answering the question that are asked, you will be taken to the overview page where your credit score is displayed.

Credit Score Tools:

Credit Scoring Tools

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Step 5: Use Provided Tools To Educate Yourself on Your Credit Score

Once you have made it through the process of getting your credit score, creditkarma now offers you a variety of great tools to play with, as well as asses your credit score. The first tool that is on the menu bar is the credit score tab. By clicking on this tab you will be taken to a page that will show you a progressive graph of where your credit score has been. ( As shown in the picture above) If you scroll farther down, along the right hand column, there is a list of different mortgage rates that you would be able to receive from bank rate for your credit score.

Scrolling down even farther will show your credit score by percentage in comparison to the nation, as well as a distribution of the nation’s credit scores.

Getting Your Free Credit Score Thorugh CreditKarma.com

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The second tab featured is your credit report card.

Getting Your Free Credit Score Thorugh CreditKarma.com

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Step 6: Select “Credit Score Tab”

By clicking on this tab Credit Karma will give you an overall grade for your credit score, but will also break your score down into sub-categories to show you where you can have the most improvement on your score. Some of these categories are open credit card utilization, total accounts, as well as payments on time.

The third tab that you see is credit compare. This tab offers you a variety of different areas to compare your credit score to; this will help you see where you lie compared to other people in the U.S.

Step 7: Select “Credit Simulator” Tab

Finally there is the credit simulator. This tool is by far the most useful tool that credit karma offers. There is a variety of tabs to choose from such as open a credit card, take a loan, miss a payment etc… All of these tabs allow you to change an aspect of how your credit score is computed, and see the affect this change will have on your credit score by hitting the simulate button.

Getting Your Free Credit Score Thorugh CreditKarma.com

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This tool is great to decide whether or not to get another credit card, or can give you great incite on how a simple change such as changing the limit on your credit card can improve your credit score!

Also available under the simulator tab is the ability to generate some savings because you went to creditkarma. There will be a list of credit card rates along with a description of their perks for you to choose from. They will offer the lowest rates possible based of what credit card you own now, and the rates that you can have because of your credit score.

Getting Your Free Credit Score Thorugh CreditKarma.com

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Conclusion:

Credit Karma is one of the best free credit score sites out there, and gives you the ability to really understand your credit score. After putting my information into Credit Karma, I was able to figure out how to raise my credit score by six points by simply changing the limit on my credit card! You too will be able to utilize all the great tools on Credit Karma so you not only know where you stand versus the rest of the U.S, but how to start pushing your credit score higher.


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