Free Credit Score

What is your credit score? This number can either help you save money or spend more money on loans or even enables you to get a job. A credit scoreis a number range from 300-850 that is calculated based on information from your credit reports reported by the three credit bureau Experian, Equifax & TransUnion. The higher the credit scores, the more attractive you are to lenders. Companies use the credit score to calculate premiums for car insurance and interest rate for loans and credit cards. The credit score is also referred to as your FICO score after the company the Fair Isaac Corporation, who created the model.

The average FICO score range is:

Excellent: 800 to 850

Very Good: 740 to 799

Good: 670 to 739

Fair: 580 to 669

Poor: 300 to 579

To get the lowest interest rate on loans, you will want your score to be above 700.

It is not too complicated to check your credit score:

If you have a major credit card or use big banks like Wells Fargo and Chase,they will allow you to check your credit score for free by logging into your account online.

Reach out to a non-profit credit counseling agency or HUD-approved housing counselors.

Lately, Experian lets you check your credit score for free by creating an account on their site.

To check your credit score from Experian click here

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