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Tips for Managing Your Credit Online

Tips for Managing Your Credit Online

It’s safe to say that most people find managing their credit a little bit intimidating. From choosing a credit card to working through debt, there’s a lot to consider. Thankfully, there are plenty of ways to keep up with your credit online. This article isn’t meant to be entirely comprehensive; if you have pretty serious issues with your credit, these tips may not do quite enough for you. But if you just want to get started keeping a closer watch on your credit, here are some useful tips for doing so on the web!

Keep an eye on your credit standing and options

It’s easy to keep up with your credit score and card options online. Perhaps the most popular option is signing up for CreditKarma for free (yes, it’s truly free). With CreditKarma, you can see your credit score from TransUnion and Equifax, plus you can get alerts when your credit changes. You can see what’s impacting your score and why. CreditKarma also gives customized suggestions for how to build your credit. For instance, they might show a list of credit cards that you could use to improve your score, including the likelihood of approval based on your current information. Whether you use CreditKarma or another service, it’s important to be aware of your situation, and that’s easy to do online.

Keep track of your spending and bills

In addition to keeping track of your score, it’s important to keep track of where your money is going. There are services online that can help with budgeting and bill payment. Mint is a great site for this. Mint can help with your credit building in several ways. Like CreditKarma, it can tell you your credit score. But that’s not really the primary use for Mint. You can also keep up with a budget; Mint will create some budgets for you, and you can adjust them. This could help you make sure you won’t end up having to overuse your credit cards in an emergency because you didn’t have a clear budget. Mint will also help you keep track of bills, like credit card payments. You can add all of your bills to your schedule and get alerts when it’s time to make payments. Being careful with your budget and payments is one simple way to improve your credit.

Figure out some debt strategies

If you’re already in some debt, it’s important to figure out how to manage it. You can calculate debt strategies online, though of course it’s important to look into your options carefully. One way to strategize is to use unbury.me. You can enter all of your loans into its calculator and compile them to get an idea of your future payments. You can look at a graph of your information, and you can change how much you pay on each loan to see how it impacts your interest and how long it will take to pay off. You might also use CNN Money’s Debt-Free Calculator to see how long it will take to pay off your debt.

Get credit counseling

You can also use the internet to get personal help with credit management. If your credit is in a bad place or you’re simply not sure how everything works, you can talk to someone. One option is the Take Charge America website. This is a nonprofit that offers counseling and education on taking care of debt. You might also look for counseling through credit.org’s Debt Counseling. Both are accredited with the Better Business Bureau and offer personalized counseling.