#how to get a free credit score online
How to Order Your Credit Score
By LaToya Irby. Credit/Debt Management Expert
Welcome to About.com s Credit/Debt Management site, led by your guide, LaToya Irby. LaToya has been the credit and debt management guide since 2007. Read more
Your credit score is a three-digit number that s used by banks to approve your application for credit cards, loans, and other credit-based services. Banks aren t the only businesses that use your credit score though. You ll find that utility companies, landlords, cell phone providers, and even some hospitals all check your credit score.
Why Should You Check Your Credit Score
Continue Reading Below
That will give you an idea on whether you ll get approved or not and the kind of interest rate you can expect. People with credit scores lower than 620 find it harder to get applications approved and are left with higher interest rates.
The Different Kinds of Scores
Credit score is a general term given to the numerical value of your credit report. There are specific brands of credit scores that are used. The FICO score, named by its developers Fair Isaac Corporation, is most well-known brand of credit score.
The VantageScore is another type of credit score developed by the the three credit bureaus – Equifax, Experian, and TransUnion. FICO Score vs. FAKO Scores tells you all about the different kinds of scores.
Five Ways to to Get Your Credit Score
There are a few different places that you can buy your credit score, but here are some of the most reputable ones.
- MyFico.com. This is the only place where you can purchase your FICO score. You can order your FICO score based on your credit report at Equifax, Experian, and TransUnion. For a few years, consumers were unable to purchase their FICO scores based on Experian credit report data. Thankfully, FICO and Experian have rekindled their relationship and are once again allowing consumers to purchase Experian-based FICO scores.
Continue Reading Below
- Any of the credit bureaus . You can purchase your individual and 3-in-1 credit scores from each of the credit bureaus. Keep in mind that each credit bureau has its own credit scoring model, so your credit scores could differ from each other and might even be different from your FICO score. (See Why Your Credit Scores Are Different .)
If you don t want to go through the hassle of ordering your credit score or signing up for a new service, you can use MyFICO.com s free credit score estimator. The tool estimates your credit score based on information you enter about your credit history. You ll have to be familiar with the information on your credit report to get an accurate estimate of your credit score.
While there s no law for universally free credit scores, all consumers are entitled to a free copy of their credit reports each year from every credit bureau through AnnualCreditReport.com.