As the human population have pushed themselves towards a modern era, the way lives are lead and planned for have also changed. Since we have realized the close to full potential of our brains, we have used its application in all possible ways to better our lives. Since the birth of a child, till the last counting days of breathing, there is a demand to plan for and stay prepared for each and every step that one takes in life.
Retirement is one such time of life that all humans work their hardest to reach. There has come to being an insatiable demand of plans and protocols that makes one’s retirement life bliss and hassle free.
Retirement annuity is one such retirement planning mode wherein sums of amount are paid in installments until the proprietor of the plan reaches a pretty selected retirement age.
The agenda of this plan is derived from the fact that one needs to safeguard their futures regardless in what stage of life they are. A person is ideally expected to stay employed starting their early twenties until a maximum age of sixty or sixty-five. This age has universally come to have been accepted as an ideal age to retire as a human’s mind and body starts slowing down from its original form of being at this point of life. The person might not be completely unfit to work; however, this is an age wherein the individual’s body demands rest and leisure.
Keeping such courses of life in mind, companies and conglomerates all over the country have come up with plans and fun allocation systems wherein an individual can start accumulating funds on a regular basis, depending on how the person’s payment cycle works. Here the person can set up a direct debit from his or her salary account. This can be started as early as one begins work in the early twenties.
In the modern times, employment agencies and companies who employee individuals in large scales have devised clever ways to incorporate such pre-decided plans in ones pay cycle, wherein a certain amount of the premium for the retirement annuity is paid by the individual and the other half is borne by the employer.
Such plans were first included in the financial planning of an individual by the federal government, wherein the plan was to create a wholesome and safe financial longevity for everyone.
There are companies that work on collecting and maintaining credit information of consumers. These are known as credit reporting agencies (CRAs). There are three such major CRAs in the country, namely Equifax, Experian, and TransUnion. Apart from these, there are other smaller-scale agencies too that specialize at the job. If you’re worried about “where to get my credit score?,” the larger CRAs are the most reliable bets.
These major CRAs obtain information from companies that you hold business and transactions with. People or companies that lend you money regularly report to these CRAs on your repaying status. There is also detailed information on the amount you are indebted and whether you have ever defaulted on your payments. Aside from the reports obtained from lenders, these companies also tally your general records based on certain other aspects. Some of these aspects are your public records from the local and state judiciary. These include your tax records and bankruptcy information. This information makes up an important chunk of your credit score and its report.
Equifax
Present in 24 countries, Equifax is an agency that offers consumers protection against identity theft and credit fraudulence. They also sell credit reports and credit monitoring assistance to businesses.
Experian
Experian started off in London and is now a trusted agency in 39 different countries. It provides you with a credit score, credit report, and even credit tracker on subscription. The agency uses FICO 8 system of credit score calculation. Experian was a part of Forbes’ “World’s Most Innovative Companies” in 2018.
TransUnion
Based across 30 countries with a database of over 1 billion consumers, TransUnion is another CRA giant. The agency, like the other ones, will provide you with your credit score and your credit reports. In case you decide to freeze your TransUnion credit report, it will also go the extra mile to notify Equifax and Experian, which frankly is a big help especially in case of identity theft and credit fraud.
So, the next time you are sat wondering “where to get my credit score?,” think of these three giants that provide you with an annual credit score and credit report for free once each year. However, if you are looking for more frequent updates, you can subscribe to their services and receive your monthly updates.
Did you know that you have more than a single credit score? Agencies calculate your credit score based on the data in your credit reports. If you are wondering, “where to get my credit score?,” there are three main credit reporting agencies. These can have different credit scores for you if your information on each of their credit reports is different. Also, these agencies charge a fee to reveal your credit score.
Recently, it has become easier to track and get hold of your credit score without paying any fees. You can get it from your credit card company, your loan provider, and even from a non-profit counselor. Here are a few tips you can use to check your score.