Your credit score is a number between 300 and 800 that gives lenders a quick assessment of how likely you are to repay your loan. Potential employers also use credit scores during the hiring process. It is good to know your credit score.
Credit Report vs Credit Score
Your credit report is a history of all your credit and how promptly you paid your bills. Your credit score is not automatically included with your credit report; you must order it separately.
Annual Credit Report
Consumers are allowed by law to receive one copy of your credit report each year for free from www.AnnualCreditReport.com. This same service offers your credit score for a one time fee of $7.95. It is the best company to get your credit score.
No Monthly Fees
Many other companies offer your credit score to you as part of a more comprehensive credit monitoring service. If all you need is your score, this is not necessary and you're overpaying.
Avoid Scams
There are some websites that offer free credit reports or credit scores that are not free. Some of these sites are phishing sites trying to get your personal information. It is best to request your credit score only from major credit reporting companies or annualcreditreport.com.
Effect
Contrary to popular belief, ordering your own credit score does not impact your credit history.
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