Tag Archives: credit

Why you need to know your Credit Score and where to get your Annual Free Credit Report

Knowing your credit score and your credit report has become increasingly important. With updates in technology and increases of consumer related fraud, we all need to keep an eye on our credit and our credit score for protection.

Why Do I need to Know or protect my score?credit-40673__340

While you may not owe anyone, anything i.e. have a loan with anyone … well done by the way….. A bad credit score can still affect items such as your automobile and your homeowners premiums… no kidding (see this  Forbes article.) We cannot blame them, there is data to check and it is their responsibility and ability to review it.

Bottom line a bad credit score or report may be costing you more money.

Where do I check my score?

As a pro-bono author for credit.com I created my own personal free account before agreeing to author a few finance related articles for them. Their service is free, handy, and delivers a monthly update of your credit score along with reasons on why it has changed, which it does frequently, as well as tips on keeping it in check.

There are multiple services such as banks, credit cards, and other financial institutions that show your credit score on a monthly basis, several of which I also receive. From my personal experience, the credit.com score aligns better with the most common score similar to getting a mortgage. The other institutions credit score is frequently far from the 300-850 FICO score most known.

How do I get a copy of my credit report?

After you get your score, you may want to get a detailed copy of your credit report. Go to www.annualcreditreport.com, which is a free service offered for your own protection by the three agencies. There are tons of sites out there that are not free and try to seduce you into paying an unnecessary monthly fee, this site has been checked and is safe.

You may request all three services or just use one and keep the other two available at a later time. This may be handy as you only get one free report per agency per year. If you stagger the reports you can inquire at different times, keep later dates open for inquiry.

If your report is good, there is likely no reason to get more than one agency report.  If your report has deficiencies you may protest from the site as it is reported.

Taking time to review your credit and credit score is easy and may save you angst and money!

Have a great “Safe Credit” day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
http://www.jkfinancialinc.com
http://www.street-cents.com

John honored to contribute as expert writer for Credit.com

One week ago today I had a lengthy visit with an editor for credit.com. At the end of the conversation, I was asked to contribute, non compensated of course, as an expert in the field as a writer.Credit

Street-cents.com gets a national audience

As a numbers guy, I will give praise  to Mrs. Cain, my high school English teacher who always told me “Writing will be important in your life” Wow, did I ever underestimate her words.

Here are just a few positives:

  • Writing monthly (non-compensated) for a national audience (Examples: USA today, Business Insider, Yahoo.com, Market Watch ..just to name a few)
  • Honing skills for improved http://www.street-cents.com posts
  • Republished here at street-cents.com  7 days after their national publication on the national stage (these are articles that would have been here anyway!)
  • Helping others through our experiences, challenges and achievements (my favorite, see below)

I am always flattered and somewhat surprised when events like this occur. It was my wish when entering this industry 25 years ago to help as many people as possible with their financial planning and financial goal achievements. It is not possible to have EVERYONE as a client, but sharing experiences in a public venue such as credit.com sure gets close.

A special thanks to all of YOU, for the ideas and challenges we get to share, now on a national stage (always confidentially.)

Ok, I am getting mushy …. see you next week!

Have a Great Friday!

John A. Kvale CFA, CFPJK Street Cents Logo

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225