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How to check your Credit Score and FICO Score.

Check in Credit score for free on Annualcreditreport.com and credit.com. Check FICO on myfico.com for a small charge.

Knowing your Credit score and FICO Score is very important because these are the scores most lenders (banks, credit cards, stores, credit unions) use to determine whether you are eligible for a loan or not.

A good Credit and FICO score is most desired and will help you get loans at a lower interest. This is because they know you are a lower risk borrower hence they don't want lots of interest on the funds borrowed to cover their risk of lending to you.

Steps to take to check your credit score are:

Step 1: AnnualCreditReport.com

Log in to www.annualcreditreport.com. You will be asked to enter your name, address and Social security number to verify your identity.

Then you will get a free credit score from the three monitoring Agencies, Equifax, Experian and Transunion. Make sure to check the report and ensure there are no errors in your credit. This can indicate identity theft like someone using your account to buy stuff or open credit cards.

If you find any discrepancies, like credit cards opened under your name that you don't know about, you can file a dispute with the individual bureau (Equifax, Experian and Transunion) and also contact the credit card lender to verify how the credit card was opened under your name.

Step 2: Credit.com

After getting your credit score from the Annualcreditreport.com website, you can also log in to www.credit.com, make a free account and then get two reports of your credit.

This report is more detailed and will explain to you what your measures are in the five main areas than comprise your credit score.

Step 3: FICO Score

Many banks and other lenders also use the FICO score in addition to the Credit score to determine how to lend to you.

You should therefore know what your FICO score is. A score of 720 and above is considered to be a good score by most lenders.

To get your FICO Score, go to www.MyFico.com and follow instructions how to check your FICO score.

This site is not free and you will be required to pay some money to get your FICO score. But it is worth paying that money so you know what your score is and check if there are any errors or fraudulent activity and stop it before its too late.


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