Learn how creditworthy you are with FREE CREDIT CHECK
When planning for the big move which is bigger than your pocket, there is little probability that you implement it without a loan. To be realistic in your expectations and enter just as realistic a loan amount in your budget, you need an objective assessment by an accredited specialist.
The good news that there are experienced credit score specialists around. Even better, you can get a credit score free of charge for a limited period of time.
Usually, the complimentary period for access to your credit file is a month. You can use this time to scrutinise your strengths and weaknesses in the eyes of loan officers and, if possible, to beef up your score.
Know the basic components
When you receive it, you have to know what to expect. The main components which comprise your credit score total are: payment history, credit use, age of accounts, account types, inquiries. In terms of weight in the credit score total, they are enumerated in descending order.
Credit score itself
Depending on your performance on each of these components, you will be assigned a quality rating (from poor to excellent) and a score (from 330 to 830). The bank's darlings would be the ones with credit score ranging 726 and above.
With or without a credit card
If you are especially reluctant to share sensitive data such as credit card details over identity fraud/theft concerns, search for a credit score provider which would ask for none. There are quite a few on the market.
Avoid subscription unless you want it
Some may argue that the word free is used too liberally. While you can get a credit score free, this will most likely bring about charges, most likely in the form of a subscription. Make sure, while requesting the credit score, that you don't in the meantime sign up for a mandatory subscription, unless you want it of course.
Experian is among the leaders on this market. With this provider, you will rest assured that you get the most accurate score. What is more, you can get with its help an identity fraud insurance, to make sure you will be indemnified over entrusting your financials with it.
Equifax, another monster on this market, can offer a free credit score and can then keep you informed of any changes thereof on a monthly basis. They have made it only a click away with their free mobile app.
CreditExpert is Experian's credit monitoring facility which helps you track your credit score on an ongoing basis.
The information on this page is designed to help you understand more and make more informed choices. We do not receive any commissions, instead we are funded from companies that we advertise on our website.