The Finances Economy

Are you looking a get a free credit score?

Knowing your credit score is important if you want to get any credit. You can get your credit score once a year for free from the three major credit bureaus, Equifax, Experian, and TransUnion. You can get your credit score more than once a year, but then you’ll need to pay for it.

If you’ve been denied credit, you can call the credit bureau and get a credit report free of charge. You won’t get the credit score, though. The credit score is the FICO score. (FICO stands for Fair Isaac Corporation). This is calculated using statistical & mathematical formulas. The base of the FICO score is payment punctuality, credit history length, the type of credits you have used, what recent credit you have applied for, and the ratio of revolving debt that you currently have to the total amount of revolving credit you have available.

Some companies offer a free credit score when you order three or more credit reports, or they sometimes have special offers for limited amounts of time. Watch out when responding to an offer for a free credit score. It usually requires you to sign up for a paid service or services. So make sure that you read the fine print.

Tags: Free Credit Report