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How to Check Your Credit Rating

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How to Check Your Credit Rating

Checking your credit rating is something that’s encouraged to help you know and stay on top of your financial matters and well-being. 

In fact, you’re entitled to one free copy of your credit report every 12 months from the nationwide credit reporting companies. This according to the National Credit Act you can check your free credit report at credit bureaus like TransUnion, Compuscan, Experian, and XDS. This should assist you in checking your credit report and score regularly, at no fee as it usually does come at a price to access your credit rating report.  

When you check your own credit score, it is considered a soft inquiry and won’t affect your credit score no matter how many times you check your score. It’s also important to check it particularly if you’re concerned about identity theft or reporting errors. But people also usually enquire to check their credit rating after they’ve been denied a loan or given a very high interest rate. 

Your credit rating is only but a few clicks away as you can access and check your crediting rate online. There’s ClearScore where you just have to sign up for an account and fill in a survey, and then you can access your credit score and report (as provided by Experian) at any time.  

And once you have an account, you can always go back and sign in to check your credit rating. You can even sign up for a service which sends you a monthly sms with your summarised credit report details from any of the previously mentioned credit bureaus.

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