You can figure out your utilization rate by dividing your total credit balances by your total credit limits.
Sometimes it’s good to mix things up once in a while.
And you can see your updated score anytime you log in, see the credit score range you’re currently in, and track your progress as your credit continues to improve and grow.
Your score is essentially a 3-digit summary of your credit health.
A lender or credit card provider who looks at your credit score will be able to determine right away if you’re a borrower who can be trusted to pay back the money they lend you.
When you are applying for a loan or mortgage, leasing a car, or even renting an apartment a lender will pull your credit report in order to determine your creditworthiness.
With a full credit report you’ll have a complete, comprehensive look at your credit activity.
You can get 3 credit reports once a year from the 3 major credit bureaus (1 report per year each) to find out your credit standing.
Lenders will want to know you credit report and score to determine your ability to hold a loan.
A free Credit Sesame account utilizes information from Trans Union, one of the three credit reports from the major national credit bureaus.
They will typically do a hard credit inquiry, which can lower your score slightly, compared to a soft credit pull that is usually done to just view your credit report.