How To Check Your Credit Score For Free

Many people are unaware of the difference between a credit score and a credit report. Your credit score is simply a number that’s generated from the information in your credit report or credit reports. Every US Citizen who has established credit has three credit reports. One from Transunion, one from Equifax, and one from Experian. Together these are the three credit bureaus that record and monitor your credit.

whats-your-credit-ratingUnfortunately, many people are unaware that they are entitled by law to receive free access to each one of their credit reports once in every 12 month period. So if you space it out properly, you can check your credit report for free every 4 months or 3 times per year (which can be sufficient to catch any suspicious activity for most people). However, you are only entitled by law to view your credit report for free and not your credit score. Since calculating your credit score requires the use of a sophisticated model, companies charge for you to see it. To check your credit report for free, you can go to annualcreditreport.com which will allow you to set up an account for future access to your reports as well.

How To Check Your Credit Score For Free
So many people search and search for a way to get their credit score for free and either can’t find a solution or end up getting scammed by some company or phishing activity. There are basically two ways to check your FICO number for free. One way is to apply for credit somewhere and request a copy of the score that was generated in order to assess your credit worthiness. In this case, your score is still not free though. The lender investigating your credit doing the due diligence had to pay for it.

poor-credit-ratingsThe Best Way Of Checking Your Credit Score
The other way is easier, faster, and more convenient. You can simply go to one of the major, reputable credit monitoring services online such as creditreport.com and sign up for a free trial. After signing up, log into your new account to get your free credit score and reports. Print everything out for your records and then let the company know that you would like to cancel. It’s that simple. Just make sure that you cancel before the end of your trial period or you’ll get charged the monthly fee. However, if you can afford a few bucks a month, it’s an excellent service to have. I personally have the service and I couldn’t live without it. It’s just too convenient and with all the identity theft going on in the world today, you never know what’s going on with your credit report and how that could be affecting your credit score unless you proactively check on it from time to time.

Also, make sure you sign up with a well known and reputable service that has all the right security mark on their website to prevent yourself from getting ripped off. There are a lot of phishers out their who would love a new identity and a new credit line at your expense!

Dorothy Hernandez