Tools Of The Trade

 As my lease comes to an end and I think about the headache that is about to come when it comes to searching for another apartment, packing up all my belongings and moving into a new home; I look forward to the day that I can buy my own house. Currently, we are in a pretty good spot when it comes to my credit report, a little underdeveloped albeit, but in a good spot none the less! With today’s blog, we are going to do something a little different and together we will figure out to we can utilize Credit Armor and the services it provides to help us get mortgage ready. In part one, we will go over the first three tools Credit Armor has to offer with the Score Tracker, ScoreBuilder and ScoreBoost.

 ScoreTracker

 Alright, let’s go ahead and get stuck in! When you first log in to your Credit Armor account, you will be greeted by this page showing Credit Armors Score Builder, Tracker and Boost. Each of these tools will help gauge your future score after taking positive credit actions.  

The first option, “Score Tracker” gives you an in-depth look at your different vantage scores for your credit, auto and insurance reports. Score Tracker will show how your score fluctuates over time and dates. In this example you can see with the Auto Score fluctuations found in June of 2021 (after a car accident) and early January of 2023 when insurance guidelines changed. Score Tracher is a great way to see how certain purchases or credit practices impact your score. 

 ScoreBuilder 

Score Builder is essentially your “game play calendar” that reviews your credit report and provides a 120 day plan to help get begin raising your score. Score builder teaches consumers what is helping or hurting their score, provides different actions you can take with your report and the accounts listed to bolster your score and will teach you how to take actions, monitor progress and better understand your credit score by the end of the program. 

 ScoreBoost 

Finally, the ScoreBoost is one of the easiest tools to use from Credit Armor. ScoreBoost provides an estimate of your future score based off of current balances listed on open lines of credit. By moving the slider to the left/right, you can see how much of an impact paying down or utilizing certain cards can have on your report. ScoreBoost is a wonderful tool to use when you are trying to figure out how much a purchase can affect your score or if paying down one card would be more beneficial than another. 

 While these three tools are phenomenal ways to keep track of your credit score and the items listed on the report, they are just the tip of the iceberg when it comes to Credit Armors functions. In our next blog, we will go over some of the more advanced functions that Credit Armor has to offer and go through them step by step! By the end of this short series, you will be a master when it comes to utilizing and operating your Credit Armor account.