Checking Your Credit Report And Credit Score For Free

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Sunday, September 13th, 2009 Subscribe To Our Feed

You've probably seen all the commercials with catchy songs offering free credit reports and free credit scores. Why the big fuss? Why are free credit report and free credit score offers so popular?

To understand the importance, you need to get copies of your credit report and credit scores. So let's start with your credit report. You can get your annual credit report from the government. You can get all three credit reports each year due to the government's new law.

This only gives you half the information you need about your credit profile. Now that you have your credit report you need your credit score. There's not a similar Federal program that allows you to request an absolutely free credit score. You can do this pretty quickly by signing up with one of those free credit monitoring services which offers a free trial.

With your credit score in front of you you can now understand what a good credit score. If you are looking at your FICo credit score you have a range of 300 to 850. The higher the number the better. 750 to 850 are considered the best credit scores and will give you the best interest rates on your loans and insurance rates.

This is the main benefit of having a good credit score, you will qualify for the lowest mortgage rates, you will not be denied a job based on your credit score, and you will have the best credit card offers. This explains why your credit score is vital to your financial life.

The score comes from the info in your credit reports. This is why it is to your benefit to maintain accurate information in your credit report. Some good advice with your credit reports is to request them every four months. Now you can save thousands of dollars in interest on your credit cards and loans and hundreds of dollars on your auto and Home Insurance.

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