If your in the market to buy a car or house then its crucial that you know your credit score and try to improve it as much as possible before you make your purchase.
For example my roommate who did not establish any credit at all was hit with a 20% interest rate for his car. That is more than double the average car loan rate. With a higher interest rate when buying a house you will be paying thousands more over 30 or 15 years.
Credit Karma gives free credit scores that are very accurate. You able to track your credit score and it will give you advice on how to improve your credit score.
http://www.creditkarma.com
Thanks for the recommendation! Just checked this site out and set up an account. Very useful info!
ReplyDeleteNo problem Angela, thanks for commenting it gets lonely here :).
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