Due to changing and developing living conditions, loans have started to have an important place in people’s lives. The first thing that comes to mind when talking about credit is undoubtedly the credit score. A credit score is a measure of how much you fulfill your responsibilities to lenders. When we examine the content of the credit score, we see the following elements;
- Amounts owed
- Payment history
- New credit (Approved applications and hard inquiries)
- Length of credit history
- Credit mix.
The factor that affects your credit score the most; timely payment of credit or credit card debts. Failure to pay one or more credit cards or credit installments will result in a decrease in your credit score. In addition, applying for more than one credit card or credit at the same time will affect your credit score negatively.
You can access your credit report or credit score by purchasing paid services from credit reference agencies. If you can access and track your credit report legally free of charge, if all you want to know is your credit score, you can get help from the free credit scoring sites.
Where to find your credit score for free?
Free credit scoring companies often use the Vantage Score scoring model as an alternative to the FICO scoring model. However, many lenders use the FICO score to approve or reject loan applications. Nowadays, there are some companies that provide free services with the FICO scoring model. You can get your credit score from these places free of charge;
- Capital One
- Credit Karma
- Credit Sesame
Where can I get my credit score?
In fact, you have multiple credit points. This is due to the fact that the credit scoring systems of the 3 main loan reference agencies are different and the information in these companies varies. For this reason, these credit reference agencies use different credit points for different types of credit.
There are 4 main ways to get credit score;
Firstly, check the monthly payment documents for your credit card or other debts.
Many major credit card companies and some auto loan companies often list their credit score in their monthly debt documents. You can access this information by logging in to your accounts online.
Secondly, you can talk to a non-profit credit advisor. In addition to nonprofit credit advisors, you can also get free credit reports and credit score from HUD approved housing advisor and get help in reviewing them.
Thirdly, you can use a credit scoring service. Some websites provide finance through advertisements and offer credit scoring without charge. However, you will need to pay a monthly subscription fee to find out your credit score on other sites. Here you have to pay attention to one thing; some sites give free trial period and after a certain period of time, the monthly subscription is made. Therefore, you should read the usage agreements carefully.
Finally, you can get credit score directly by credit reporting companies.