Check Your Credit Score

One of the most important ways to save a few pennies is to make sure that your credit score is as high as possible. A good credit score will get you the best rates on everything from credit cards to car loans to your mortgage. The lower the rate, the less you'll be paying in interest. Unfortunately, it is estimated that more than 50% of credit reports contain errors. Even if you've been living a squeaky clean life financially, an error on your credit report could easily be costing you money.

There are a lot of different places to get your scores, but most of these are FAKO scores. Different companies come up with different algorithms for calculating scores, but the score used by the majority of lenders is the FICO score by Fair Isaac Corp. The only place to get your true FICO score is at MyFico.com. You can buy your Equifax or Transuion score and it will come with your full credit report as well. Assess your creditworthiness, find errors, and address any issues you find on your report. The forums at MyFico.com are also packed full of information and helpful contributors who can help answer your questions about improving your credit.

The things I learned at MyFico helped me pull my husband's credit score out of the toilet, taught me how to optimize my own score, and helped me save money and make smart financial decisions. By clicking on the picture above and ordering your own score, you'll follow my referral link to MyFico and help support PigPennies! If you have any questions about how your credit score is calculated or how to fix or optimize your credit post them here and I will do my best to answer them.