“I want to check my credit score, what do I need to do?” Is a question that we have received quite a bit recently. Please find out the answer in the article below.
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I WANT TO CHECK MY CREDIT SCORE
This article introduces to readers about “where can I get my credit score“. It includes three part: “I want to check my credit score from the Free Website”, “I want to check my credit score by using others methods” and “How to improve the credit score if have a poor score?”.
1. I want to check my credit score from the Free Website
Step 1: Find web pages for free. The most popular free websites are Credit.com, CreditKarma.com, and CreditSesame.com. You will not pay anything to get a credit score and your credit score will not be negatively affected upon request.
Some advertising sites are “free”. However, you need to pay to access your report. Even worse, you will automatically be registered for the annual subscription.
Step 2: Registration. For example, at CreditSesame.com, you need to provide email and create a password. This will allow you to return to the site and check your score in the future.
Step 3: Provide personal information. Each site will ask for slightly different information, but most will require the following:
- First and last name
- Mailing address
- Date of birth
- Last four digits of the Social Security Number
Step 4: Answer your security question. To confirm your identity, you will be asked a few multiple choice questions. For example, you may be asked how much you pay each month on a student loan or the name of a city you live in.
Step 5: Get your score. Your score will be three digits, 300-850. The scores you receive from these sites may be slightly different from what the lender sees. However, they should not be so different.
In addition to your score, you’ll see additional information, such as your total debt list. At CreditSesame.com, you can also purchase a copy of your credit report for $ 9.95, but you should refuse because you can get a free copy each year.
Websites may also have links to credit card applications. You do not need to and should think carefully before signing up for any products offered.
2. I want to check my credit score by using others methods
Option 1: Check with the credit card provider. More and more credit card companies provide customers with information about their credit score. You can view the most recent statement or log in to your online account.
Option 2: Request a credit counselor or consultant. These counselors can take your credit score and report it for free. They can also analyze your finances and help you find a budget to improve your score.
Option 3: Buy the FICO score. Visit myfico.com and purchase a one time report. People can get the points along with a credit report from one or all three major credit reporting agencies (CRAs). Lenders usually review the FICO score, so people can see exactly what they are seeing if people buy from this site.
By 2017, your cost is $ 59.85 for your score and report from all three CRAs.
It costs $ 19.95 for your points and a CRA report.
Option 4: Buy the credit score from a credit reporting agency. In the United States, the three largest CRAs are Equifax, TransUnion, and Experian. People can purchase the score from each.
- Equifax, see “Credit Report Assistant” at the bottom of the home page. Click “Buy my credit score.”
- Experian home page, click on “Reports & Scores” and select “Credit Score”.
- TransUnion, click on “Credit Education” and then select “Credit Score”.
3. How to improve the credit score if have a poor score?
Step 1: Timely payments. Your billing history accounts for 35% of your credit score. Make minimum payments and pay on time. A late payment will not reduce your credit score, but the less that is owed, the better.
Step 2: Reduce the debt burden. The amount you owe 30% of your credit score. Reduce the burden by paying off high-interest debt, such as your credit card balance. Use credit card balance transfer to speed up repayment.
One factor that FICO considers is the amount of credit available that you use. For example, two people may have $ 3,000 in credit card debt. However, Person A has $ 20,000 of credit available, while Person B has only $ 5,000. A will probably get a higher score, as less of their available credit is being used.
Step 3: Avoid taking new credit. New credit accounts for 10% of your points. You may think that you should increase the amount of credit available by getting a new credit card. However, your score will be affected if you open too many new accounts. FICO assumes that you are opening an account because you are having financial trouble.
An exception: if you can get a new balance transfer credit card with a 0% introductory APR. This will allow you to repay quickly.
Step 4: Patience. The length of the credit history accounts for 15% of your credit score. You can not do anything to speed up the process. However, you can help yourself by not closing your old account, even if you do not currently use them.
If you are curious, the remaining 10% of your score is based on a combination of credit – installment loans, credit cards, mortgages, and your store account. You really should not take new credit just to diversify your account mix.
Improving the credit score is work people need to do before getting any personal loans. In the process of checking credit score and improving credit scores that Info Credit Free guides above, you should consider before choose any personal loans especially the personal loans for bad credit.
You can get more and more information about a variety of bad credit loans such as Instant cash loans, Secured loan bad credit, Easy loans for people have bad credit, online loans for bad credit…
Hillary (Team Content) – Info Credit Free