How Do I Check My Credit Score For Free?

July 22, 2010 - PRLog -- Over 10 millions Americans check their credit online each year, and for good reason. Being familiar with your credit score is one of the most important things you can do to maintain a healthy financial life. There are tons of different factors that go into calculating your score, sometimes there can even be errors that were not your fault. By keeping a close eye on your credit rating, you can detect any unusual activity and quickly figure out what is going on. So join the millions who have already discovered where they stand, and request a free credit report today!

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Your credit score is a three digit number, between 300 and 850, based on your past and current financial activities which are stored in your credit report. A score higher than 700 is considered to be good credit, and should be your goal if you are not already be above 700. Your credit report keeps track of all your bill payments, credit card balances, amount of debt, and many other factors which are used when calculating your credit rating. The most important of these factors is whether or not you make your payments on time, so be sure to keep on top of your bills.

Many people do not know, but you actually have three different credit scores, maintained by three different credit reporting companies. TransUnion, Experian, and Equifax are the three largest credit agencies in the United States, and they each calculate your score a little bit differently. TransUnion uses the FICO score, Experian uses their PLUS score system, and Equifax provides the ScorePower score. It is important to use a service that provides you with all three major credit scores, as this will give you a more complete view you your credit's standing.

By knowing where your score stands, you can better understand what kind of loans you can receive and what interest rates you should receive. You can also see which areas of your finances need work, which is the first step toward improving your credit. Having a high score will reduce you interest rates which can save you thousands of dollars every year.

Make it as a top priority to get a copy of your credit score and credit report, it can be very helpful to you.

How Do I Check My Credit Score and Credit Report?

Now that you are aware of how your credit impacts your finances, you may be wondering "How do I get my free score?" Easy, To learn more about obtaining a free online credit report, click the link below for an excellent resource on credit reports and your credit score. Some things to look for when choosing a credit reporting service are: ease of use, customer service and assistance, detail of reports, accuracy of reports, and whether they offer to assist in repairing your credit score.

Check your free credit score - http://www.debtconsolidationcc.com/credit-counseling.html

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