Your credit score- check it!

I heard on NPR this week that the number of Americans with sub par credit scores has increased recently. More Americans' Credit Scores Sink to New Lows

This is alarming because a low credit score can be a real hindrance. It can lead to being denied for loans or to receiving a higher interest rate, which costs you more in payments. The federal government has put a program in place to allow you to check your credit report with the three major credit reporting companies for free once a year. The Federal Trade Commission has a website outlining the program: FTC Free Annual Credit Reports.

You owe it to yourself to take the time to request and review your credit report and to follow up on any errors or inconsistencies you find. It's not just thrifty, it's protecting your identity and your ability to buy a home or car!