93% of millennials are aware of their credit score, according to Discover’s Credit Health survey
Personal finance expert
“Our Credit Scorecard tool was designed to ensure that all consumers — not just Discover cardmembers — have free and easy access to their FICO® Credit Score and factors that impact it,” Gaurav Sharma, senior vice president of marketing at Discover, said in the press release. “An increase in both overall awareness and in the number of consumers checking their credit score is exactly what we hoped for when creating the tool.”
Even if you have a stellar credit score and are in a good place with your finances, O’Connell urges you to stay on track and stay accountable. She relates checking your credit to practicing yoga: “It’s not something you do once and leave. You’re not fit for life after a yoga class. It’s the same thing with money — we’re not in good financial shape forever because we checked our credit one day.”
While checking your credit score is a good action to take, it’s only the first step. After checking your score, O’Connell recommends you make a plan that can help you achieve any upcoming goals, such as purchasing a home.
“Keep yourself accountable,” O’Connell says. “Don’t just check your credit score and forget. Keep coming back to it and keep tabs on it.”
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
- ^ credit score (www.cnbc.com)
- ^ CNBC Select (www.cnbc.com)
- ^ check your credit score (www.cnbc.com)
- ^ raise your credit score (www.cnbc.com)
- ^ best credit cards (www.cnbc.com)
- ^ check your credit score for free (www.cnbc.com)
- ^ Discover’s Credit Scorecard (csp.discover.com)
- ^ Chase’s Credit Journey (creditcards.chase.com)