Due to changing economic and market data, the need for loans is increasing day by day. Therefore, it has become increasingly important to get credit score. Today, it is possible to get your credit score through more financial institutions than in the past. While you used to earn your credit score by paying a certain fee from a few credit score providers, you can now get your credit score for free.
Where and how can you get your credit score?
You can get your credit score online from many financial institutions and their internet addresses. But there are some things you need to know before you get your credit score.
Before you get your credit score, what you need to know first; This is because there is no universal credit score. You will need to know which with credit reporting agency data calculates your credit score when you want to get your credit score from financial institutions. Both the credit reports and the credit score ranges of the three major credit reporting agencies are different.
When you get your credit score from Experian;
Your credit score can be up to 999 at Experian. Very poor: 0-560, Poor: 561-720, Fair: 721-880, Good 881-960, Excellent: 961-999.
When you get your credit score from Equifax;
Your credit score can be up to 700 at Equifax. Very poor: 0-278, Poor: 279-366, Fair: 367-419, Good 420-466, Excellent: 467-700.
When you get your credit score from TransUnion (formerly CallCredit);
Your credit score can be up to 710 at TransUnion. Very poor: 0-550, Poor: 551-565, Fair: 566-603, Good 604-627, Excellent: 628-710.
When you want to get your credit score from all three credit institutions, you must get your credit report. This way, you can review the changes in your credit score according to the data of the three credit reporting institutions. If you have a missing or incorrect credit report, you’ll have a chance to notice and correct it immediately.
90% of the best lenders and creditors use the FICO point type. When you want to get your credit score, you must first get it by FICO score type. Although not as common as FICO, VantageScore is the second most used score type. Apart from these there are also types of credit points. However, when you want to get your credit score, your second choice is VantageScore.
Where you can get your FICO score out of three credit reference institutions;
- Credit Cards;
- American Express,
- Capital One,
- Commerce Bank,
- First Bankcard,
- USAA Bank,
- US Bank,
- Bank of America,
- Credit Unions (DCU Credit Union and Pentagon Federal Credit Union),
You’ll also be entitled to learn your FICO score for free when you receive some student loans or auto loans.
Where you can get your VantageScore out of three credit reference institutions;
- Credit Carma,
- Credit Sesame,
With many of these credit score providers you not only get your credit score, but you can also get free information about the factors that make up your credit score. Or you can access lists of credit or credit cards that can be seen on your admission. Or you can learn your credit reports for 12 months. Or you can instantly be aware of any mishaps in your credit reports and have the chance to earn lifetime points.
All you need to do is use your credit card information. You don’t even need credit information to take advantage of credit unions. With some of these credit card providers, you can compare your credit score with other credit points on the market. So when you apply for a credit or credit card, you can learn your chances of being accepted and get your credit or credit card without the hassle of credit inquiries.