How to View Your Credit Score for Free in 2022-Latest Update
Last updated on June 17th, 2022 at 01:34 am
Credit Score is also known as Credit Rating that a three-digit number describes a customer’s creditworthiness to its lender. It is based on your credit history such as the total number of your bank accounts, loans and payment history, etc. Now I will show you in this article how you easily get a good score and how to view your credit score for free.
Credit Score is developed by The Fair Issac Corporation [FICO], becoming famous among lenders such as Banks and Credit Card Companies. They usually use a credit score to decide who qualifies, how much credit limit at how much interest rate to avoid the potential risk of lending money.
On the other hand, If you need any kind of loan like a student loan, education loan, car loan, home loan, business loan, etc, you need a good credit score to submit to the lender. Let’s check the average score range of the Credit Score.
A higher Credit Score means to lenders to lower risk and to consumers to get the loan or credit easily.
How to View Your Credit Score for Free
There are three popular agencies like Equifax, Experian, and TransUnion who provide their customers to check their credit score for free. Let’s briefly learn about them.
Experian Ltd. is the most reputed agency and provides their services in more than 37 countries like North America, Latin America, the UK, Europe, the Middle East, Africa, and Asia Pacific. It is a financial agency registered in England.
Experian provides both free and paid services to its customers. You can enjoy a free trial service for the first 30 days, then you have to pay $19.99 on a monthly basis.
Equifax is an American multinational agency which is very popular to report credit scores all around the world. It follows the FICO method to make the customer’s credit score report. It also provides free and paid services to its customers. Free trial service is valid for 30 days and after using the trial service, you can go for paid service [$7.99/month].
TransUnion is also much renowned as an American consumer credit reporting agency. It works the same as the other two agencies. It provides an unlimited score and reports access service by a 7 day trial for $1, then you need to pay $13.95 on a monthly basis for Basic Membership or $19.95 on a monthly basis for Premium Membership.
How to achieve a good Credit Score
Credit Score basically depends on your previous credit history. If you want to get a good credit score, you need to maintain a good credit background. Even then I figured out some points to have a good credit score. Let me share with you,
- You need to pay your bills on time.
- Always try to keep the balance low of your credit cards and other revolving credit and pay off debt.
- You can use Quick Loan Shopping.
- Don’t close your unused Credit Cards.
- Don’t apply for too much new credit at a time
- Always be careful paying off your old debts
FAQ of Credit Score
What information is in a credit score?
There are different formats of credit scores of different agencies but contain the same type of information such as Identifying Information, Credit Accounts, Credit Inquiries and Bankruptcies and Collections.
How can I get my credit score report for free?
You can check your credit score through Equifax, Experian, and TransUnion, and also get an annual credit score report for free.
Note: You won’t get your FICO score in the free credit report.
What number is a good credit score?
Up to 700 score means it is a good score but when it is up to 800 score, it means an excellent credit score.
Credit Score is just not only a numerical expression of three digits but also can be a purpose of your every solution or a bright future. A good credit score can help you to easily bring credit from lenders. Now you also notify about how to view your credit score for free through the article.