How can I check my credit score for free?
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I’m new to credit, and want to build good credit. How do I know what is my current credit score, and how can I keep track of it free of charge?
Real credit scores cost money. However…
To begin with, if you’ve just started using credit then for the first 6 months your Fico score is 0 due to lack of sufficient credit information.
The Only place consumers can get their REAL Fico scores is myFICO.com, but that cost money. There’s absolutely no reason for you to pay for this.
Although all three credit bureaus sell consumers credit scores, these are non-Fico (Vantage) Scores which are practically worthless – more than 90% of creditors use Fico scores for making lending decisions. Don’t waste your money there either.
Other third party credit score monitoring services use Fakko scores. These can be 100 or more points off your real Fico score and therefore worthless as well.
A good place to get a free credit score is CreditKarma.com which offers a free score estimator based on your TransUnion credit report. It’s not real FICO but within 50 points or so. Good enough for most purposes.
You should need to understand that despite all the commercials, credit scores are really only a very small part of any lending decision. What really counts is what shows on your credit report and other factors such as debt-to-income ratio, job stability etc.
Pay all your bills on time, check you credits reports annually for errors and your score will take care of itself.
For more information see free-annual-credit-score.html.
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