Learning how to get a credit score is a part of going through the motions of protecting your credit from theft and other options. The score is key in helping you to get a loan. Without a good credit score you might not be able to get a loan, or if you can get it, the terms will be less favorable.
There are many things to consider to check out a credit score, but not everyone seems to know how or why.
If you’re looking at options to check your credit scores you have to know where to look and how to look it. Also, remember to take full advantage of the free credit score options that are available online.
Can You Get a Credit Score for Free?
Finding sites that offer the FICO credit score might sound a bit painstaking but it’s out there. It’s just a matter of exploring and filling out the right paperwork.
There are websites that promise to deliver your scores from all 3 credit bureaus, and then only take your money and run. Avoid sites that promise you free items, then take them away at the last moment.
Investigation is key here. Without investigation into the reputation of a website, you might end up enrolling into a service that you don’t ever use or even need.
Look carefully at services that allow you to check credit scores without having to pay for anything. Legitimate providers normally offer a limited trial period with a credit card.
Want to check your credit score for free? Simply sign up with credit reporting agencies that offer free trial. But make sure you cancel it before the end or renewal date, if you decide you don’t want to continue using their service.
The Best Place to Get a Credit Score Report Online
Getting a credit score report is not the same as obtaining a credit report.
By law you can order your free credit reports from AnnualCreditReport.com. But those reports don’t include your credit scores. If you want to get ones you will have to buy from 3 major credit reporting agencies or scoring companies like myFICO.
Credit reporting and credit scoring agencies offer different services. These include, but not limited to, credit reports and scores as well as credit monitoring for identity theft protection.
But here’s the tricky thing. Credit reporting agencies also sell their own credit score. For example, Equifax provides Equifax credit score, which is a proprietary credit model developed by Equifax. However, on their website they say their score is intended for your own educational use.
Let’s go on with Equifax for analyzing services we can get from a credit bureau.
Equifax also sell FICO products (Credit Score Watch and Score Power). Interestingly they also note that the FICO credit score is not the same as scores used by third parties, like lenders, to assess your creditworthiness.
Now it’s time to take a look at your specific need of credit information. If you want to get a loan you might only want to check your credit score. And you can purchase your FICO score for $19.99 or less.
There are risks your lender won’t use FICO score. But if you can’t get access to which credit score they’re using, don’t worry. It’s still safe to assume that your FICO score will work for predicting your chance of getting approval for a loan. This FICO and Non-FICO scores comparison should support that assumption.
With that said, if you’re looking to get a loan the best place to check your credit score is myFICO.