What Is My Credit Score - Get A Copy Of Your Credit Score Report

The answer to “what is my credit score?” can be answered by getting a copy of your credit score report.

You are entitled to a free credit report from each of the scoring companies (Equifax, Experion, and TransUnion) each year. However, securing this will not answer the question of what is my credit score. That is because the reports only list the positive and negative credit marks.

Unfortunately, the only way to find out your actual score is to generate a score report. There are a couple of ways to do this.

If you have your credit report generated by a lender such as a mortgage agency or car dealership, they will often tell you the score that they are working with.

But, you don’t want to apply for a loan just to find out what is my credit score. That is because every loan you apply for will count as a “ping” on your report which will actually lower your score.

You do however have the right to check your score without affecting the report. The problem is that this will cost you money. You can get a “free” credit score report from some sources, but it almost always involves signing up for a monthly credit monitoring service.

Fair Isaac is the company that compiles the data on which your credit report is generated. You can get a copy of your TransUnion and Equifax scores by singing up for their Score Watch service. They give you a free 30 day trial. But you have to give them your credit card information. Then, after your 30 day trial is up, you will be charged $89.95 indefinitely for credit score updates every quarter.

Other services like Credit Karma will offer you a free credit score contingent on your purchase of other products. You may or may not want these offers. If you buy the products just to get the credit score, you may end up paying more than you have to.

If you are willing to pay a one time fee for your credit score, QScore offers the scores from all three reporting agencies for $34.95 with no additional fees, though there are upsells. You can also get your score from just one agency for $14.95. In general, your scores for each agency will be similar but not identical.

It is important to find the answer to what is my credit score because this can mean the difference in what kinds of loans and credit offers you qualify for. If you have been the victim of identity theft, it can seriously lower your score.

Today, the credit score you have can also affect other areas of your life in addition to your loan worthiness. For instance, if you are trying to qualify for a rental car, rental home or apartment, or car insurance, the company may pull your credit score. Employers are also increasingly looking at credit scores before making employment offers.

While the answer to what is my credit score may take some digging and you will probably have to pay a fee to answer it, it is worth knowing.



TAGS: what is my credit score, credit score report




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