Propertynest

How to Check Your Credit Score

Checking your credit score is a key component of the rental process. However, knowing what’s on your credit report before you apply for an apartment is critical to success. Credit companies report your standing monthly, so there are chances for even errors to appear on your history and affect your score. We recommend monitoring and check your score and report on a regular basis. You can do so by pulling up a full credit report, to which you are entitled to a free one every year.

Free Estimated Credit Score Services

Free credit score services are a great resource to monitor and get an estimate on your credit score on a monthly basis. While the scores given are approximations, you can get a ballpark idea of where your credit is. You can also see all of the information that is being reported, which includes late payments, high balances, and open collections you might have. These services may also offer good recommendations on how you can improve your credit standing as well.

Credit Karma

Credit Carma
  • Monthly Price:Credit score:
  • $0Estimated
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Everyone deserves to feel confident about their finances. Credit Karma gives you the tools, the education and the opportunities you need to make real, meaningful progress.


Credit Sesame

Credit Sesame
  • Monthly Price:Credit score:
  • $0Estimated

Whether you want to protect your financial standing, find the best home loan, or keep tabs on your credit and debt, Credit Sesame makes it easy.

Paid True Credit Score Services

When you need an exact score with fully detailed reporting, you’ll need to go to one of the three credit reporting agencies--Transunion, Experian, and Equifax. For a monthly fee, you can have access to credit monitoring services as well as your full credit report and FICO score. If you have errors on your report, these are the agencies you should be opening up the dispute with.

TransUnion

TransUnion
  • Monthly Price:Credit score:
  • $19.95True
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Get 2 Months of TransUnion Credit Monitoring FREE with TransUnion Annual Subscription for $99.95/Year! Transunion offers total credit protection all in one place from credit score, credit report and credit alert.


Experian

Experian
  • Monthly Price:Credit score:
  • $19.95True

Experian provide credit monitoring and protection services from identity theft, as well as access to your full credit report.

Free Annual Credit Score Check

By Federal law, each person is entitled to a full and free credit report from each of the credit reporting agencies once a year. Even if you are monitoring your credit on a monthly basis, this free credit report gives you a complete and detailed picture. It’s beneficial if you are going for something big like purchasing a home.

AnnualCreditReport.com

Annual Credit Report
  • Monthly Price:Credit score:
  • $0True
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This is the only source authorized by the Federal government to provide you with the official free credit report. There might be other sites claiming that they can give you a free credit report, but they are not government-sanctioned, and may provide you with an estimated score or a partial report.

What Credit Score is Good

If you want to be in the black, you’ll need to fall minimally in the “Fair” range (650-699) to qualify for some credit cards or apartment rentals. To open most doors, you’ll need a score above 700, preferably 740 and above (“Good” range is from 700-749). While “Excellent” scores go from 750 and higher, just being over 700 puts you in a low risk category.

If your FICO score is below 700, we highly recommend that you work on your score and your credit history to make improvements in your standing. If your credit score is low due to repeated late or missed payments, it will take some time to improve your standing as it takes five years to completely cycle out those delinquencies (seven years for serious delinquencies such as 90-day late payments). In addition, if you have high balances, you should pay them down. You should be keeping a balance of 30% of the told credit limit and lower.

Also, the longer your credit history, the better. If you finish paying off a high balance on a card, do not close the account unless there are high membership fees you cannot afford. It is also advisable that you keep the number of credit inquiries low. Hard pulls on your credit take a toll on your overall score. Do all of these things, and you can be on your way to healthy credit.