In this day and age, most of your personal information is just one data breach away. With such a thin line between your information and identity thieves, it's always a good idea to keep a close eye on your credit. In order to keep up with my credit, I signed up for Credit Karma's free credit monitoring and I'm thoroughly impressed. Let's take a look!
How To Sign Up
Signing up for Credit Karma is completely free and you can start monitoring your credit in just a few minutes. Start by visiting creditkarma.com and click the "Sign up for free" button in the top right corner.
Next you'll create an account, fill in some basic personal information, and then answer a small series of questions to confirm your identity.
Once that is complete you're good to go!
Your Credit Karma dashboard displays both your Transunion and Equifax credit scores. As you can see both of my credit scores are in the high 700's. This is a pleasant reminder for those of you that think opening a bunch of credit cards is bad for your score...
If you click on the "Credit" box in the bottom left corner it displays a list of all the factors that play into your credit score. If you'd like a detailed description about each category check out my in-depth post about credit scores.
If you go back to the dashboard and click on the "Accounts" box and it'll show all the accounts you've opened and closed throughout your credit history.
This information can be extremely beneficial for those of you who want to try for another sign-up bonus on a credit card or see if you're under Chase's 5/24 rule.
I think Credit Karma is the best free credit monitoring tool on the web. Some of my credit cards offer free credit monitoring, but none of them give you the detail that Credit Karma does. If you have any sort of credit history I strongly recommend you sign up.
How do you monitor your credit?