Free Credit Score

From LoveToKnow Creditcards

Are you interested in getting a free credit score from one of the three major credit bureaus or another source? If the answer is yes, you may want to read this article to find out where to go and how to go about getting an accurate report.

Free Credit Score

Why Get a Free Credit Score Report?

Your credit score is a three-digit rating that encompasses your history of credit, current debt, bill payments, and spending activity. Everyone from banks and other financial institutions to insurance companies and employers use this score to pass judgment on you.

The only way to find out exactly what they are looking at is to get a copy of this score. There are many ways you can go about this and the costs will vary depending on the option you choose. It should be noted that it can be difficult, if not impossible, to get a free credit score report. There is usually some sort of catch or some other item that must be purchased in conjunction. However, with some careful shopping and a few savvy tips, you may be able to get a copy of your score for next to nothing.

Free Credit Score Resources

When you type in the words "Free Credit Score" into a search engine such as Google, you will be overwhelmed with the number of results that come up. Before clicking on anything, you will want to carefully examine the options being shown to you. Not every option is equal and some of the results shown may be for copycat websites or websites that are less than reputable. You will want to avoid these sites at all costs.

Because it can be difficult to sort out the good sites from the bad, you may be better off working with one of the three major credit bureaus to get your free credit score report:

You can be confident that each one of the above sources is reputable. All three organizations offer fast and secure delivery of your financial information, and more importantly, guarantee the accuracy of any information you choose to receive.

Alternative Options

If you aren't interested in signing up for any of the personal services offered through the three credit bureaus, there are alternative options to consider.

One option becoming extremely popular among consumers is FICO software. FICO software packages are designed to work with your computer to monitor your credit report, estimate your credit score, and analyze your credit history. Some packages are even designed to offer you financial advice based on the state of your credit rating.

The cost for such software can vary depending on the package you choose and the place you buy it from. Your best bet will be to shop around until you find a package that meets your needs and suits your budget.

Tips for Boosting Your Score

If you do get a free credit score report and are unsatisfied with the state of your credit rating, there are a few things that you can do to increase your score and your credit standing:

  • Pay off any old debts that might be dragging your score down.
  • Take care to make all of your bill payments on time, especially loan and credit card payments.
  • Get a new credit card with a low APR and use it responsibly.
  • Don't close old accounts. If you don't use an account anymore, keeping it will not reduce your score, but closing it might.
  • Try to keep credit card balances below 30 percent of your charging limits.
  • Consistently monitor your credit report and credit score. This will allow you to watch for evidence of identity theft.

 


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