Your Guide to Checking Your Credit Score

Your credit score is one of the most important numbers in your life. It can affect your ability to get a loan, your interest rates, and even your job prospects. That’s why it’s important to check your credit score regularly and make sure that it is accurate. In this blog post, we will teach you how to check your credit score for free so you can keep on top of your number.

First off, let’s start with defining your credit score.

What is a credit score?

A credit score is a number that lenders use to determine your creditworthiness. It ranges from 300 to 850, and the higher your score, the better. A good credit score means you’re a low-risk borrower, which could lead to lower interest rates on loans. A bad credit score could make it harder for you to get a loan or make it more expensive.

Where to check your credit score?

A free credit-checking service

There are a few ways to check your credit score for free. One way is to use a site like Credit Karma or Credit Sesame. These sites will give you your credit score as well as some information about what’s impacting your score.

The best part about these services is they have a simulator which allows for you to test the impact of different actions on your credit score. For example, you can see how paying off a loan early would affect your score.

A paid credit-checking service

If you want more in-depth information about your credit score, you can use a paid service like MyFICO or Equifax. These services will give you your exact FICO score, which is the most widely used credit score by mortgage lenders and other financial institutions.

Paying for this service may be worth it if you are trying to get a mortgage or a loan very soon and you would like your exact credit score from all three bureaus.

Your bank or credit card issuer

Another way to check your credit score is through your bank or credit card issuer. Many banks and credit card companies now offer free credit scores to their customers. If you have a checking or savings account with a bank, it’s worth checking to see if they offer this service.

Pull your credit report at this online site

And finally, you can get your free annual credit report from the three major credit reporting bureaus: Equifax, Experian, and TransUnion. This report will not include your credit score, but it will give you information about what’s on your credit report. You can request your report from all three bureaus at once, or you can stagger your requests so that you can get a report from one bureau every four months.

When you request your report, you will need to provide some personal information so that the credit bureau can verify your identity. This includes your name, address, Social Security number, and date of birth. Once you have submitted this information, the credit bureau will generate your report and send it to you.

Checking your credit score is one of the most important things you can do for your financial health. By checking your credit score regularly, you can catch errors early and make sure that you are on the right track. Now that you know how to check your credit score for free, there’s no excuse not to keep an eye on your number.

If you find that your credit score is lower than you would like, don’t panic. There are a few things you can do to improve your score.

Jordanne Wells

Jordanne Wells is your Master Instructor. She is a Certified Financial Educator, holds her Bachelors of Art Degree in Economics, has advised first generation wealth builders on personal finance and wealth building through her organization Wealth From Scratch.Club. She is the author of the personal finance book Credit From Scratch and her work is featured on Good Morning America, CNBC, NextAdvisor and more.

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