In trying to secure a loan, credit or service, your creditworthiness is being evaluated. And this is usually done by looking at your credit score. IF you don’t have any idea on Credit Score, let’s have a look.
What is a “credit report”?
Credit report is the record of your credit history with information about your identity, your current credits, inquiries on you and your public record. There are three credit bureaus – Equifax, Experian or TransUnion – that collect information about your credits, standing and even your public records. These three credit bureaus are the ones making credit report of your credit history and calculating your credit score.
Credit report is essential for lenders and other kind of companies to determine whether to grant your loan, give you credit, hire you or provide services for you.
You can see your credit report once in twelve months for free. Only, credit report does not show your credit score.
What is a “credit score”?
Credit score speaks of your credit history and helps lenders to determine whether or not to grant you credit, what are the terms and the rate you will be required to pay in case you are given the credit.
Your credit score would be calculated using the following information:
· Your accounts such as credit cards, mortgages, loans;
· The status of your account ad how long it has been existing;
· Your outstanding debts;
· If you are paying your bills promptly; and
· If there are any collections pending against you.
How to get your credit score?
Sometimes, when you are trying to secure a loan, the lender will tell you your credit score for free. But generally, if you want to know your credit score, you will have to purchase it from the three credit bureaus.
But there is another way to view your credit score for free. If you want to see your free credit score gov, check out this website http://freescorereportgov.com/. They have recommended several services on free credit score gov. There are tons of free trial offers in the internet to get your free credit score, but they have given the Top Free Credit Score Offers. The services that this website recommends are: FreeScore360, MyScore.com, FreeScoreConnect, MyFreeScoreNow and GoFreeCredit.com.
Check your credit score beforehand so you know what to expect more or less when you applied for a loan or for a service. And you can have it free thru the Free Credit Score Offers in the said website.