How To Approach The Bureaus And Find Out What Your Credit Score Is

When we go to borrow money from a lender, the latter has to decide whether to grant the loan or not.  And when they are doing this, the lender will need to have information about your credit worthiness.  Your credit score shows how credit worthy you are.  Your answer to the question – can I find my credit score is an ‘yes’ because you have every right to do this.  Yes it is very important that you do so and that is for a number of reasons.

There are quite a few credit bureaus in the US, which have the responsibility of collecting and analyzing the credit history of a person to determine the credit score and then pass it on to the lender.  The most significant American credit bureaus are the Experian, TransUnion and Equifax.  The three credit bureaus calculate their credit scores separately.  This is the real reason why there are different credit scores from different bureaus.  The credit scores vary because different methods are used by them for the calculation.

So always ask to get my credit score before making that loan application.  For getting a copy of your credit score, you must however know whom to approach and how to get it.  Individual credit scores can be obtained from the three credit bureaus who maintain separate records.  Please do check your credit score from time to time and ensure its accuracy.

Credit score reports can be requested from the bureaus by everyone.  No, there is no need to pay any money for the information about your credit score.  Do you think that there is nothing in the report – you should still ask for it.  It is always best that you come to know what your score is from all the three bureaus because they all hold your record independently.  Credit reference agencies supply the same information to the lenders as well.  Lenders can, armed with this information accept or reject your loan proposal.

It is your duty to ask to find my credit score in case your loan application is rejected.  But it is always better to do this before you are applying for that loan.  Sometimes the agencies will keep their records for up to 7 years, and so, even if you defaulted once but subsequently your records improved, this might still go against you.  These are naturally error reports that will negatively affect you and so you have to bring it to their attention.

So do you want to know what your credit score and report is from all the 3 bureaus – www.ThreeFreeCreditScoresOnline.com is where you can do so.

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