FreeCreditScore.Com – Get Credit Score from FreeCreditReport.Com to check your Credit Score Report from all 3 Major Credit Bureaus: Equifax and Experian and TransUnion to increase your Credit Score and increase your bad credit score..
Whenever you apply for anything involving credit, like a mortgage or even your average low limit credit card, the person and institution that is issuing that credit will want to take a look at your credit score. This number is a good representation of your current and past credit history and will thus let the lenders know what they are getting into when they decide to do business with you. If your score is low (which can be anywhere from three hundred, which is the bottom floor, to about six hundred when using the FICO model of score interpretation) then you will be considered high risk to lend to and the creditor may not even go so far as to look at your credit score report.
If you have a rather good score, it may also be all you need to get the house or car of your dreams. Now, while the US government has worked out a deal with all the major credit bureaus to give you three free credit reports every year, they see no reason to allow you to receive a compilation of a free credit score. This may in fact be due to your credit report having much more information than your score and, because the score is just a number, it will not inform you on what you need to improve to obtain better credit. All the score serves to do is to give you an average of how well you are doing in terms of debt responsibility.
FreeCreditScore.Com – Collections, amount of debt, and other various factors can greatly effect your score. Mine for example was a 759 up until a old $1,500 dollar past college debt that was promised to be “dismissed” according to the staff of the facility, and in fact was dismissed for several years, up until the debt was later sought after by someone without my knowledge. It was posted as a “collection” on my score and now my score is hovering around 630 from the one single collection event and will remain for a long time to come unfortunately. Of course, your score is more important today though and, if you really want to, you may purchase your score from all three of the competing credit bureaus. Free Credit Score.Com
However, what most people do not know is that creditors and lenders often have their own model for determining your particular score based on the original FICO Credit Score compiled with other information about you. This is especially true with most banks in that they will have info about how and when you deposit your own money, how often you let it sit in your account, and how often you withdraw it. Not saving your money and taking it out almost as soon as you get it, for example, is often troublesome in that the bank will see that you are not being financially responsible. It is also not possible to purchase these scores generally due to the fact that the banks are doing this on a per person basis.