Those days of guessing the credit score are over now: all American citizens are entitled to a free credit report score.
The ability to get your free credit report score is a huge relief for many Americans, as they would like to know their credit scores instead of having the figure hidden in a bank's computer files.
Free Credit Report Score is Different from Annual Credit Report
If you want your free credit report score, then you have to understand that it will be different from your annual credit report.
An annual credit report will let you know your monthly credit rating with your accounts that you currently have open and the ones that have been closed recently. A credit score, however, will just give you a three figure score based on your credit history.
A free credit report score is a good idea; if you already know your credit rating and would just like to know your credit score.
Most companies get an idea of your credit score by obtaining information from lots of different customers. Then they get a credit score system and that is how your credit score is determined; it may seem strange, but that is how it's done.
Credit Rating
Your free credit report score is a great method to just get a glance at your credit rating. You will see where you are on a scale based on the bank's rating system.
There will be a side of the bar that is green that will show that you have a high credit rating, but there is also a red side of the bar, which of course shows that you have a bad credit rating and you need to improve it sooner rather then later.
Your credit rating will be written down and you will see where you are on their chart. You will obviously want to be nearer the green side of the bar when you receive your free credit report score.
Best Ways to Obtain Free Credit Report
The option is now widely available across America: you can now obtain your free credit report once a year from the three major credit reporting agencies Experian, Equifax and TransUnion
- To obtain your free credit report, all you have to do is get in touch with Experian, Equifax, or TransUnion and inform them that you would like to obtain your free credit report.
- You must also add a piece of information that confirms you are who you say you are and that you do live at the address that is on their records.
You will then obtain your free credit report from them within two weeks.
- You can also obtain your free credit report through the telephone; if you have already checked your credit report in the last 6 months through the telephone, then the company may be willing to tell you your credit rating over the phone.
Only some companies will do this, though; whereas others will need proof of identification if they are going to send you your credit report.
To obtain your free credit report from a credit-reporting agency will not cost you a penny. You can inform the credit-reporting agencies that you would like to view your credit report and then they will post it to you once you have provided them with the correct documentation.
There are many ways to obtain your free credit report. Most people will not be put off by the fact that they can only get their credit report once a year.
These people will not need constant notification about their credit report. There are websites that will let you view your credit report whenever you want. But why pay for their service when you can get your credit report once a year?
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