Mobile apps may not provide all the information you need for your financial well-being.

Managing your finances has become more convenient with the availability of various apps and tools. While credit apps can help you keep track of your credit score, they may not offer a comprehensive view. Credit apps can contain errors and lack the depth of information that full credit reports provide.

For detailed and accurate credit information, it’s advisable to obtain a full credit report from major credit bureaus like Experian, Equifax, or TransUnion. You are entitled to receive a free credit report once a year. While using credit apps can be beneficial, supplementing them with an annual full credit report can help ensure you have a complete picture of your credit history, including any potential inaccuracies or overlooked accounts.

Maintaining awareness of your credit score is crucial for your financial stability. According to a recent study by The Ascent, one in three millennials has experienced credit card fraud. If you become a victim of fraud without realizing it, you could face similar consequences as someone who mishandles their finances.