Anybody know how to check credit score, pls advice me ASP

Dear Stopthewar,
 
                          In United States there are three major credit bureau. Equifax, Experian and Transunion. Each have their own credit score model and they take various factors into consideration while calculating your credit score. Factors are numerous such as, number of credit accounts you have, lenght of credit history, variety of credit (credit cards, auto loan, mortgate etc) , number of credit inquiry and payment history. These mentioned factors are taken into consideration while creating your credit score by each of the company. In other words your credit score is a snap shot of your credit history. People with lower credit score are considered to be risky borrowers and the products they get are limited with a huge interest on it. Whereas, people with higher credit scores get to choose from wide ranges of products and loans and their interest rates are way better.

                          Most lenders check your Fico scores. Now Fico scores is a score developed by assembling credit scores of three major companies. So when you apply for a credit card or an auto loan your Fico score is checked most of the time. There are times when lenders only choose specific credit bureau score.

                         Now cutting the long background information short and answering your initial question. I highly recomend you to go to www.annualcreditreport.com . Now according to the law each U.S residents are entitled to one free credit report from each company every year. However, to check your score you would pay a small fee anywhere ranging from $6 to $9 for each company.

                          What I recomend you to do is check your credit report from one credit bureau every four month so that you really know what is going on which your credit report and scores. Do not check all at the same times because you have to wait another year to view them unless you want to pay for it.

                           You can also pay for the service from any of the credit bureau for unlimited credit scores and credit reports plus credit monitoring. Check their websites for additional price details. (www.equifax.com, www.experian.com, www.transunion.com). You can also visit www.myfico.com and pay for the service.

                           Do not fall into the trap of other companies which offer you to monitor your credit scores and credit reports they charge your substantial amount for the same service which I have mentioned before. If you have any problems with your credit or your identity is stolen contact each credit bureau and file a dispute.

                          I hope that above mentioned information helps. If you have any question please feel free to follow up. I am not affiliated with these companies nor do I promote and represent them. Above information is solely based on my personal research and experience.





Passionate Dreamer
YekloYatri

hey be aware... there are so many sites that will tell you to check your credit score free and they do.. but after a month they will start charging you. i went through freecreditreport.com and got my score for free but after a month they started charging me around 15$ everymonth stating that they have monitored my credit. so be aware of it ....

 

Dear Raxi,
    
               Initially when you signed up you never went through the terms and conditions which are specifically designed to trap consumers like you. Since you never read the terms and condition and blindly checked the icon which stated "I accept the terms and condition" you are yourself responsible for your action. Why are you rating them as speculative and unworthy?

               If I am not wrong these websites like you mentioned www.freecreditreport.com offer you free credit score but what they do is make you sign up for a program which gives you free credit scores for a month and then they charge you whatever ammount or plan they put you up on. They require the costumer to call up and cancel their membership. Since you were less informed about that plan you checked your score once and you thought you got your score for free but when your credit card statement  next month or you check it online you will see that they have charged your card. This is the trick they play to generate revenue.

              My advice is as a consumer be wise and take your time and decide. Why do you have to deal with a middle man (in your case www.freecreditreport.com) when you could get free credit report from the companies which i've mentioned? The problem here is lack of information, I assume. My message is to anyone who wants to check their score get a credit card or buy a house is "DO SOME RESEARCH! and DONT JUMP IN THE BANDWAGON!"

            

Lonesome Traveller
YekloYatri

 I dont think any credit union will provide free credit score. They only provide credit report once a year. If u really wanna check free credit score the go to www.myfico.com.

Dear All,

             There is so much information available that is out there and I wonder why most of us ignore them? Significant number of people only try to opine on what they know regardless of it being insufficient or redundant. Their unwillingness to read or understand whats available amuses me? Take an example of this conversation above, americane and prem_chopda repeated the tiny fraction of information what I've told right after his thread was posted. They responded with only what they knew rather then reading my lenghty, lethargic and leborious yet informative(I thought so!) comments. This is a clear example which shows why the third person who replied to this thread (Raxi) was charged $15 in the first place like he/she said. Raxi also falls into the category of folks alike americne and prem_chopda who neglect the information thats out there crying to be read.

             I hope my analysis does not offend any one.





Ardent Gazer,
YekloYatri

Thank all friend and brothers for your suggestion.