Our credit reports tell a story - paying attention to them allows us to help shape that story. High credit scores can help keep your interest rates lower when buying a home or car. But there are other reasons, potentially unknown to many, for keeping track of your credit score.
Financial ignorance is not bliss. Lucky for you, keeping track of your credit has never been easier. Credit score apps are helping smartphone users take key financial information with them on the go. For example, CreditWise from Capital One is a free credit score monitoring tool for everyone, not just customers, with some believing just using such an app could raise your score by 20 or more points. Other major financial institutions such as Bank of America, Discover and Chase have also begun offering credit monitoring tools or services to help their customers.
Keeping these and other reasons in mind will help you stay on top of your credit report and score. That will help you in more ways than one, and could potentially have great benefits when it comes to big life decisions.
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