Why is my credit score important?
Your credit score directly affects your ability to borrow money and the cost associated with doing so. It also reflects your overall credit standing, which impacts your ability to rent an apartment, your chances of being hired for certain jobs and even the insurance premiums that you must pay.
What affects your credit score?
Credit scores are based on the information in your credit reports. That means anything added to those reports stands to affect your credit score one way or another. Factors such as payment history and amounts owed are particularly impactful, accounting for roughly 65% of your score.
Why does WalletHub need my SSN?
We need your Social Security number to locate your credit report and to ensure that you, and only you, will be able to view your personal financial information. In most cases, you will only have to provide the last four digits of your SSN for us to accomplish this.
Will checking my credit on WalletHub hurt my credit score?
Not at all. You can check your credit score at WalletHub as often as you’d like without hurting it in the slightest. That because it’s considered a “soft” inquiry when you check your own credit score, whereas applying for a loan or line of credit generates a hard inquiry.
Why is WalletHub the best credit score site?
WalletHub is the best place to check your credit score because it is the only website/app with free daily credit score updates.
What is a good credit score?
Anything above 700 generally qualifies as at least a good credit score. Having good or excellent credit enables you to get the best terms on loans, lines of credit and insurance policies. It also pays important dividends in other aspects of life.
Don’t worry, though. When you check your credit score on WalletHub, we’ll tell you exactly which creditworthiness tier you belong to and how to improve. You can also learn more about what a good credit score is, how to get it and what it gets you from this article.