How to Find Your Credit Score
Ok, so you’ve been hearing all about the importance of having a good credit, but you don’t know how to find your credit score.
A good credit score makes buying a home or a vehicle, applying for a loan or starting a business so much easier.
However, even if you’re pretty sure you have a good credit score, there may have been a few financial mishaps in your past that have slipped your mind.
Or, if you think your credit score is low, knowing the exact number can help you set a goal for building credit before making big purchases.
But where do you find this exact number?
Unfortunately, you can’t just log on to your online banking and look it up in a few seconds.
It’s a bit of a process. But luckily, you have a few easy options.
Take a look at this article to learn how to find your credit score.
Option #1: FICO Score
FICO stands for Fair Isaac Corporation. It is considered the gold standard of credit scores, as it is used by most lenders who offer instant approval.
All you have to do is visit myfico.com and you can purchase your credit score.
However, there is a slight catch with this sight. Instead of paying a one-time fee, you sign-up to track your credit score and pay monthly or yearly.
So, if you just want the one time score, be sure to cancel within the 10-day free trial period.
Option #2: Contact Credit Bureau
You can purchase your credit score directly from any of these.
You will need to have your personal information handy, as they will ask you questions that only you can answer.
If there is an error on your credit report, it can significantly affect your credit score, so best cure to report it immediately.
Also, it’s important to be aware that all three bureaus offer 3-in-1 reports. Therefore, you get copies of your credit score and reports from all three bureaus with just one purchase.
Option #3: Credit Monitoring Services
Another option when determining how to find your credit score is to turn to a credit monitoring service.
These services allow you to track your credit score on a monthly basis. You pay a fee month-to-month and this fee also includes finding out your initial credit score.
This service can be extremely helpful if you have been a victim of identity theft or if you need to closely monitor your score for an upcoming purchase or loan.
You can monitor your credit through fido.com or one of the three bureaus.
If you are concerned about someone stealing your identity or tampering with your credit score, you can also purchase insurance through these companies.
Option #4: Find A Credit Card That Offers Free Credit Scores
If you don’t have a credit card that offers you a free credit score, well now might be the time to start searching for one. There are several cards available now that do just that.
Discover offers a free FICO credit score from your TransUnion credit report. They provide the score on your monthly statement and it can be found online as well.
Citi provides select cards that offer your FICO score based on credit data reported to Equifax. They do a great job of explaining why your credit score might be different than other sources and they also provide a user friendly chart that explains your credit score data.
Capital One has a non-FICO product named CreditWise. The score is based on TransUnion VantageScore 3.0 scoring methodology. The service offers three different tools to help you manage your credit score. Grade Overview, Credit Alerts and Credit Simulator all available online or via mobile app through CreditWise. The app is free to sign up for even if you are not a credit card customer.
How to Find Your Credit Score: Wrap Up
As you can see, finding your credit score isn’t a one-click process, but it is fairly simple.
If your score isn’t what you’d hoped for, don’t worry. There are plenty of ways you can improve your credit score.
And of course, drop us a comment below if you have any questions.
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