How to Check Credit Score

A credit score is a symbol of a person’s creditworthiness. Which is measured as a number. Credit score tells the history of repaying any type of loan of a person. How well the lender has met its financial obligations. This score is done by the lenders. These lenders include banks, credit card companies.Generally you can find out the credit score of a person from the credit score of another person. Whether the person from whom he has borrowed has repaid the loan within the prescribed limit or not.

The FICO (Fair Isaac Corporation) model is most commonly used to calculate credit scores. Its score can be from 300 to 850. The higher a person’s credit score according to FICO, the better their credit. Apart from FICO, there are many other credit score measurement models like – VantageScore

Check Your Credit Score

You can follow these steps to check credit score.

Obtain a free credit report: is the only site that provides free annual credit reports if you are from the US. This is the official website of the US government. Equifax, Experian and TransUnion are the three major credit bureaus you can request a report from: You can contact all three major credit bureaus directly to request your report.

Provide necessary information: To know the credit score you have to get your identity verified. In this verification, you will have to provide information like your name, physical address, DOB and social security number.

Choose the credit bureau(s) to request your report: Equifax, Experian and TransUnion can request a report from all three bureaus. Or you can additionally spread out your requests throughout the year to monitor credit more frequently.

Review your credit report: After getting the credit report, make sure that there is no error, discrepancy or fraudulent error in that report. Examine the report carefully and accurately. This credit report does not include your credit score, but it does provide the information used to calculate your score.

Obtain your credit score: There are several ways to access your credit score:

Some credit card companies and banks provide free access to your credit score if you are their customer. Check if your financial institution offers this service.

Consider using free credit score services such as Credit Karma, Credit Sesame, or Discover Credit Scorecard, which provide access to your credit score without charge.

Paid credit monitoring services also provide access to your credit score as part of their subscription packages.

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