The importance of credit score has gradually increased as loans have an important place in our lives. Your credit score is your most important financial indicator. Therefore, get your credit score has become very important. However, each individual has more than one credit score and can reach the correct result by comparing these credit scores.
How can you get your credit score?
The first thing you need to know about your credit score is the 3 main credit reference agencies. These credit reference agencies are; Equifax, Experian and TransUnion. These credit reference agencies report all financial transactions about you. These reports are called credit reports. That’s why you have multiple credit points. Because each credit reference agency creates your credit score according to the information they have about you. Credit reports are the basis of these credit scores. For these reasons, you should use 3 credit reference agencies to get your credit score.
You can use different methods to get credit score. Some of these methods are free. First, you can learn your credit score from the 3 main credit reference agencies.
Get credit score from Experian;
You can receive your credit score free of charge from Experian for a specific trial period. This is CreditExpert service. After the trial period, the monthly subscription fee is £ 14.99.
If you want to learn your credit report and earn free points forever, you can sign up for the Money Saving Expert Credit Club through Experian. However, with this service, you cannot receive notification in case of any negative situation that may occur in your credit reports.
The last service you can use via Experian is CreditMatcher. There is no possibility to get your credit score with this service. However, people using this service can shop to learn how to make money. They can also learn and compare credit profiles based on their financial profile.
Get credit score from TransUnion;
As with Experian, you can get your credit score free of charge during the trial period at TransUnion. You can also earn free points using the Noddle service.
Another advantage you will get from TransUnion is that agency introduce credit cards or credits that are likely to be accepted. When you apply for a credit or credit card, you will encounter a hard credit inquiry and this will lower your credit score. TransUnion saves you from this trouble.
Get credit score from Equifax;
You can also get your credit score with the trial period from Equifax. However, when the trial period ends, the amount you will pay is lower; £ 9.95.
You can earn free lifetime points using the ClearScore service.
In addition, CheckMyFile service is available. With this service you can get your credit points from Equifax and TransUnion. However, the monthly subscription fee is £ 14.99.
How can you get your credit score for free?
Apart from 3 credit reference institutions, there are other ways to get your credit score. Moreover, these methods are free. Methods of getting your credit score free;
- Credit Carma;
It’s one of the methods you’ll use to get your credit score and it’s completely free. Moreover, you can get your credit score by simply answering the questions asked to verify your identity online without using your credit information. Credit Carma generates credit points using information from TransUnion and Equifax, but the credit scoring system is VantageScore, not FICO.
- Credit Sesame;
This is the other method that is completely free. Like Credit Carma, this service uses VantageScore, not the FICO credit scoring system. However, this service offers an Experian National Risk Model rating. Therefore, you can get your credit score here.
Finally, Quizzle is completely free and accessible to everyone. This service, where you can get your credit score, uses VantageScore instead of FICO scoring system. It builds your credit score based on information from Equifax.
With some credit cards you can get your credit score free of charge. These cards are;
- American Express,
- Capital One,
- Commerce Bank,
- First Bankcard,
- USAA Bank,
- US Bank,
With most of these cards, you can earn your credit score according to the FICO credit scoring system. Some of them list your credit score on your monthly credit card statements. Most of them entitle you to get your credit score online. The credit reference agencies from which they receive information when calculating the credit score also differ. When you get your credit score, you should make your choice accordingly.
Is the credit report important for get credit score?
Credit scores are shaped according to credit reports. Therefore, getting your credit score alone is not enough to manage your credit score. In order to better manage your credit score and prevent negative situations, you should obtain your credit reports.
Credit reports, like your credit score, vary according to 3 credit reference agents. You should therefore receive your credit reports as well as receive credit points from each reference agency.
Finally, you should compare your credit score with the credit report and observe in which cases your credit score has decreased or increased. So you not only get your credit score, but you also manage your credit score.
You can get your credit reports free of charge by 3 main credit reference agencies. When receiving these reports, you do not have to pay monthly subscriptions, such as obtaining credit points. It is your legal right to receive your credit report free of charge every 12 months, but this is not the case for credit score.