Credit Report Cards

Do you already know where your credit stands with this very moment? Whether you’re considering applying for a different financial product or maybe want to track your credit score’s progress, it can be hard to know where do you start. Between three different credit agencies and countless credit scoring models, which credit profile card source could be the right one for you?

While there are several companies offering to assist you monitor and track your credit, the two main big names which are constantly at the forefront. Both companies offer free services that could show you credit report, analyze your score information, and also alert you to changes, all without cost. So, which service is better?

I took both companies try it out in order to find out. This dashboard summary enables you to see, in an immediate glance, in which your credit-related weaknesses and strengths lie. There are some differences involving the two services, though. You are given easy-to-read, report card-style scores that let you understand exactly status in each category.

Credit Karma’s categories offer a similar experience: plastic card use, payment history, derogatory marks, total accounts, credit age, and hard inquiries. However, you’re not given grades with Credit Karma-just color-coded indicators to let you already know whether certain areas need more work. More categories, and thus more information, is normally more helpful. I also appreciate that Credit Karma utilizes info from both Transunion and Equifax with your dashboard, and you will toggle relating to the two to match. That’s fun to determine and can provide additional encouragement.