What is a credit score?
Your credit score is a three-digit number, based upon your full credit report. Your credit report includes a history of your debt, bill-paying tendencies and loans, as well as other stats about who you’ve borrowed from, when they received your payment, if you paid early, late and so forth.
Why do I need to know my credit score?
Your credit score impacts if you can be approved for loans and at what interest rate you’ll be able to pay to borrow money. Knowing your credit score allows you to question the accuracy, correct any errors that may have been executed, as well as negociate the best rates with any lenders you may be working with.
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- What is a credit score?
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- Benefits of Checking your Free Credit Score & Report
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- Mortgage Deals—Too Good to be True?
FAQ: How do I check my Free Credit Report?
Your credit report is the basis for your financial standing. No matter how slick or smart you may be, no bank will touch anyone with a low credit score. It's their money, why would they want to take a bigger risk than they need to?
If you don't know where your credit report score is at, now's the time to take a peek. Don't get surprised with a low credit score when you go in to review your report with a potential lender or even an employer, find out for yourself within minutes.
