Track Your Credit The Right Way
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free.
There’s a lot of pressure to constantly monitor your credit and worry about your score. We don’t think credit management has to be taken to such an extreme. This month, we’re sharing tips to ensure you maintain a good credit report without any of anxiety.
How Often Should You Check Your Credit?
And what’s the right way to monitor it?
Tune in to this roundtable discussion with Doug Hoyes, Jennifer Kwon, and Diane Cunha, who dispel credit score and monitoring myths, explain how often you should really check your report, and the best way to do so.
Good Reads From Around the Web
Get Your Credit Report For Free
Did you know you can get your official credit report for free once a year from both Equifax and TransUnion?
In this post, Ian Martin shows you how to get it and how to correct any errors on your report. The post also includes a sample credit report at the bottom, with an explanation of what all the different report sections mean so you can read yours correctly.
Don’t Obsess Over Your Credit Score
Fact: credit scores are designed purely for the lender’s benefit and not for the consumer’s. While you should work to build a good credit history, this is different from the three-digit credit score, which is just a sales tool to get you to sign up for more debt.
In this short video, Doug Hoyes explains why we all need to stop obsessing over our scores (it’s not good for us & it may lead to bad borrowing decisions).
$50 Esso Gift Card Giveaway
Enter for your chance to WIN 1 of 10 free $50 Esso gift cards!
We want to hear from you for this month’s giveaway.
Which personal finance concept do you want to learn more about? What’s a topic you want us to cover on our podcast? We want your suggestions so we can help build your financial literacy!
Submit your idea or question as an entry and you’ll be entered for a chance to win a $50 Esso gift card.
Giveaway ends June 23, 2022 at 11:59 p.m.
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