Where can I view my bank credit ratings?
I am a bit confused on finding this. Someone told me to check my bank credit rating but I can’t seem to find that on the site when I log in. Will I need to contact someone at my bank or physically go in to request this information?
Are you asking about your bank's credit score/rating? I think I am understanding that right. If so, you can take a look at this: https://pocketsense.com/check-banks-credit-rating-4474851.html
It explains how to find out.
Experian and Equifax are the big two in the United States and in many other countries around the world. They are not free.
I like Credit Sesame. It's a free service which provides just about everything you need to know.
I've been using Equifax but I think I'll cancel my subscription as I really don't use it much. Credit Sesame looks good so I think I'll try that, thanks for the suggestion!
p.s. Experian had a large breach not long ago so be wary of them!
amely: I've been using Equifax but I think I'll cancel my subscription as I really don't use it much. Credit Sesame looks good so I think I'll try that, thanks for the suggestion! p.s. Experian had a large breach not long ago so be wary of them!
@amely A breach!? I didn't even know about this. I am going to have to tell my brother because I know he has used them before. That is not good. Thanks for the info on that!
I am not sure myself but there seems to be enough information to help you out. I never knew that banks had credit ratings. I guess it makes sense, you don't want to just go with any bank if they have a bad history.
https://www.thebalance.com/how-to-tell-if-your-bank-is-safe-or-in-trouble-315800
The link above shows you how to check and what signs to look out for if your bank is having trouble. I had a bank close on me, without notice. It not only messed up my payments and credit but I was out of money for 2 weeks.
eliza.stracke: https://www.thebalance.com/how-to-tell-if-your-bank-is-safe-or-in-trouble-315800The link above shows you how to check and what signs to look out for if your bank is having trouble. I had a bank close on me, without notice. It not only messed up my payments and credit but I was out of money for 2 weeks.
@eliza.stracke
Remember the 2008 recession? My bank closed as well. Could have been part of the same bank line if it happened to you then. I didn't get any notice either and after it all happened, I did a bit of digging and their credit rating was awful!
If you ask, most banks will provide you with this information though you may not get the full list of ratings or the entire picture. I am not sure if a bank can give you this information unless you are a member at their branch or have a loan with their bank.
https://www.bankrate.com/banking/reviews/
You can look at ratings and reviews at that site. A lot of people should be doing this. If a bank goes belly up, your money is going with them and you will have to wait sometimes for months to get it back from other lenders.