A credit score in the United States is a number representing the credit worthiness of a person. A credit score determines the likelihood that a person will pay his or her debts back in a reasonable amount of time. Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers.
If you have a high credit score, it is very likely you will pay your debts back and have paid your debts in the past. If you have a low credit score, you probably have a hospital bill or a credit card bill you did not pay back, which ultimately went against your credit score. If you have no credit, that means you have never financed something in your name or opened a credit card.
There are many ways to get your credit score for free.
1-3. Credit Karma, Credit Sesame and Quizzle: I decided to group them together because they offer similar services, while being different companies. Once you sign up for any of these companies, you can instantly check your credit scores at the touch of a button. In addition to that, they provide in-detail reasons for your score. They will tell you what is bringing your credit down or what helped it go up, what can be done to make it better and more. Here I have given in detail explanation about the factors affecting the credit score and how to make your credit score touch 850.
4. There are several credit cards such as Citibank and Discover it® card that offer to check your FICO score for free. If you sign up for one of these cards, you can set up your monthly statement to include your FICO score for free!
5. You can request a free credit report annually from credit reporting agencies, such as Experian, Transunion and Equifax by getting into AnnualCreditReport.com, or making a call to the toll free number at 1-877-322-8228. At AnnualCreditReport.com, you can get the report in detail.
6. MyFICO.com: To get your score directly from FICO, you can sign up at MyFICO.com, but it has a minimal fee. Therefore, it is not necessarily free, but at a very minimal cost.