How To Get Your Free Credit Score

Individuals who are considering applying for a loan and would like to know what their credit scores are often want to know how they could get them without cost. While everyone is entitled to a free copy of their credit report yearly, the same law does not apply to credit scores. Previously, credit scores are available only for a fee, but this not the case now. In recent times, there have been internet sites where one can get free credit scores.

Specific websites have been created to help people stay informed about their credit reports and credit scores, as well as help them understand these better. There are direct players in the lending business that also offer credit scores for free online. The three major credit bureaus that put together our credit reports, as an example, allow you to get your free credit score from their websites. Go to the home pages of TransUnion, Experian and Equifax to find out more.

There could be some confusion though on the type of scores generated by these sites, as there are several scoring systems currently available for use, such as the FICO, Vantage Score and PLUS Score systems. The number ranges each one uses are different. So when you do access your free credit score, make sure you are aware which model was used.

The most widely used scoring scale is the FICO model. You can also get your credit score free from their website. But whichever scoring model is used, the general rule is the higher your credit score, the better your credit standing.

You should not forget though that your credit score may change as you engage in new financial activities. Any new activities you engage in that affect your credit and financial history such as acquiring a new credit card, could have an effect on your credit score.

Learn more tips on credit score range, please go to http://mycreditscorerangeguide.com/

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