WASHINGTON (WUSA) -- Knowing your credit score and getting an annual check on your credit report is a key step in increasing your financial IQ and keeping tabs on identity theft.
A new smartphone app debuted Wednesday from CreditKarma.com. It can be found in the Apple App store for iPhones and iPads. The app is the first and only way to get a free credit score and free credit monitoring on-the-go.
Features of the app include notifications when certain events are recorded in your credit report, a Credit Report Card. It tells you about factors influencing your credit score.
You are also entitled to a free copy of your credit report each year from the three major reporting agencies. The best way to get them is to go to AnnualCreditReport.com. The site was set up by the three agencies as a one-stop place for credit information.
You can also visit each agency's website, write each one, or call to request your free credit report.
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