Your credit score is a vital aspect of your financial health. Having a good credit score can help you get a better credit card, buy your first car or home, and get you a great rate on a business loan. On the flip-side, having a less-than-stellar credit score can make achieving these milestones even more difficult.
Knowing your score is the first step to financial well-being, and if you’re one of the 40% of Carrot members that have never checked your credit score, it’s time to change that. It’s quick, easy, secure and FREE. No better time than the present, so find out your free credit score with Borrowell.
Once you have your three-digit number, ranging from 300 to 900, you can start to improve your financial well-being. Your credit score is a measure of your financial health and is an indication of your creditworthiness, meaning, it shows banks and lenders how likely you are to pay back credit. The higher your credit score is, the better – you’ll be more likely to get approval on financial products (at better rates).
Overwhelmed? We know credit scores can be a little complicated, but they don’t have to be. It’s why our friends at Borrowell just launched the Credit Coach to help you make sense of your credit profile and understand why your credit score is the way it is.
Molly, the new Borrowell Credit Coach, is a free, simple-to-use and helpful online tool that allows you to manage and improve your credit score. She does all the hard work for you to understand the unique factors that make up your credit score so you don’t have to.
Molly has three main features: updating you on and tracking your credit score, providing you with monthly credit updates, and giving you some helpful tips and reminders to improve your credit score.
After you get your credit score, Molly will provide you with updates when there’s a change in your score and make sure that you know why. She’ll track and easily display your historical credit score so you can see how it has changed since joining Borrowell.
The coolest thing about Molly? She keeps it personal. You’ll receive personalized tips on how you can improve your credit score. She’ll remind you if you have an overdue payment or give you a heads up if you are using more credit than normal in a given month. With Molly you’ll never have to ask, “Why did my credit score change?” or “What can I do to improve it?”.
Knowledge is power, and with Molly and Borrowell, you’ll gain power over your credit score. Ready to meet your wallet’s new best friend? Log in to your Borrowell account or sign up for a free account today to meet Molly – your new Credit Coach! Check your credit score for free in less than 3 minutes with Borrowell. Checking your credit score won’t affect it. Get my free Equifax credit score!