Your credit score is a key part of your financial health, so it’s a good idea to keep an eye on it. The best part? You can check your credit score for free – with plenty of easy options to choose from. Here’s how to do it without spending a penny.
Why checking your credit score matters
Your credit score helps lenders decide whether to approve your applications for things like loans, credit cards or mortgages. A good score can make borrowing easier and cheaper, while a lower score might limit your options. By checking your credit score regularly, you can spot any issues early, track your progress and ensure there are no errors holding you back.
Free credit reports
You’re entitled to a free credit report every year from each of the UK’s three major credit bureaus – Equifax, Experian and TransUnion. These reports give you a detailed breakdown of your credit history, which is what your credit score is based on.
Here’s how to get yours:
- Equifax: Visit their website to request your free credit report.
- Experian: Sign up for a free account to access your credit report.
- TransUnion: You can get your report for free through Credit Karma – it’s easy to use and provides regular updates, so you can keep track of any changes over time.
Free credit monitoring services
In addition to credit reports, there are several ways to access free credit monitoring services that can help you stay informed about your financial health.
Bank and credit union offers
Many banks and credit unions now offer free credit monitoring as a perk for their customers. This means you can check your credit score and receive updates, often through their mobile apps or online banking platforms. If you’re not sure if your bank offers this, it’s worth checking.
Credit card companies
If you have a credit card, there’s a good chance your provider offers free credit monitoring as well. Some credit card companies allow you to see your credit score directly in their app or on your monthly statement, making it easy to stay in the loop.
Checking your score made simple
Keeping an eye on your credit score is easy and there are plenty of free tools you can utilise. Whether it’s through credit bureaus, Credit Karma, your bank or your credit card provider, you’ve got plenty of options to stay informed and in control of your financial health.
Start by choosing one of the free methods above and you’ll be on your way to understanding and improving your credit score.