If you’re in the market for a new loan, then you need to your credit score. And if your credit score is below 700, then you can save some serious cash by improving your credit score. At Cafe Credit, we offer guides that help you build and fix credit. But those guides won’t do any good if you don’t understand how to apply it to your credit situation.
For anyone struggling to translate credit advice into credit action, we recommend ScoreSense. It’s a three bureau credit scoring platform that can help you translate your credit report into higher credit scores. Here’s what you need to know about ScoreSense.
The ScoreSense Dashboard makes it easy to internalize credit lessons. You can see your FICO 8 credit score from all three credit bureaus. Is one score lower than the other two? You may need to dispute some erroneous data with that credit reporting agency.
The score sense dashboard also breaks down your personal credit report into the 5 score components. Are late payments or other negative items dragging down your credit score? If your credit utilization ratio is too high, paying down debt will help you improve your score.
Maybe you’re new to credit, so you don’t have many credit accounts and your accounts are still pretty young. Don’t worry about that! In time, you’ll have excellent credit.
ScoreSense Credit Score Simulator
So should you pay off debt? Open a new credit account? Request more credit from your existing credit card company or something else entirely? ScoreSense’s credit score simulator shows you the effect of each option.
You’ll see how much a credit inquiry will hurt your credit score, and you’ll see how much paying off debt helps. You can even see what happens to your credit score if you make 12 months of on time payments.
Credit Repair Companies can help you remove negative items from your credit report, but you have to manage your own credit behavior. ScoreSense gives you clear direction for how to manage your behavior.
Cost for ScoreSense
ScoreSense charges a $1 refundable fee for its 7-Day Trial offer. After that, you’ll have to pay a $39.95 monthly membership fee. The monthly membership covers access to the website, Credit Alerts, 3 Bureau Credit Reports and templates for dispute letters.
Casual observers won’t get much value from the ScoreSense website, but if you’re serious about fixing your credit it can be worthwhile. Consider the 7-Day free trial. You might get all the information you need during the trial. If you still want access to the site, continue paying the fee for a few months.
Just be sure to cancel your membership once it no longer serves you. Only people who are actively using the site will benefit from it. If you have a more casual interest in your credit score, consider signing up for a free credit monitoring service like Quizzle, Credit Sesame or Credit Karma.
Signing up for ScoreSense
Signing up for ScoreSense just takes a few minutes. You’ll fill out your name, address, payment information and social security number.
To keep your information safe, you’ll also need to answer a few questions about your personal background. Questions range from where you lived, to your car model, to information about your mortgage payment.
Once they confirm your identity, you can enter the ScoreSense website.
As part of the Sign Up process, you agree to pay a $39.95 monthly subscription fee that you can cancel at any time. To cancel, just call 1-800-972-7204 and speak with a representative.