Spring is here. Now it’s time to clean up your finances and prepare for summer—and beyond.
Khalfani Cox, founder of Ask the Money Coach, offers two tips for a financial spring cleaning:
Tip #1: Review your credit reports and credit scores
Spring is peak home buying season. But if you’re in the market for a home loan, mortgage lenders want to see good credit (i.e. a credit score of 700 or more).
There are lots of ways to boost your credit score: pay all your bills on time, avoid inquiries, and dispute erroneous information in your credit files with TransUnion, Experian and Equifax.
By law, the government requires each of those three main credit bureaus to give all adults in the U.S. a free copy of their credit report every year. To get your complimentary credit reports, just go to AnnualCreditReport.com.
Your credit reports, however, don’t contain your credit scores. To get your credit scores at no cost, use a website or free app like CreditSesame.com.