Anonymous asked in Business & FinanceOther - Business & Finance · 7 years ago

What is my Credit Score - Where can I find out what My Credit Score is online for free?

What is my credit score, I mean where can I find out what my credit score is online without having to pay anything? I hear a lot in the news these days about how a poor credit score can cause financial problems but what does it actually mean and can I get a free credit score report online? (I'm not sure if you have to pay for these things or not) Is this something that I even need to worry about, or just more media scaremongering? Where can I find out what my credit score is for free, any help?

7 Answers

  • 7 years ago
    Favorite Answer

    Your credit score reflects how much of a risk you are to a potential lender when they are making a decision about whether or not to lend you money. I got a free credit report at that was way more accurate than one I had previously paid for from a well-known agency (who actually sent me someone else's report by mistake!)

  • 7 years ago

    This should help you to understand how credit scores work..

    FICO scores from 300 to 850 and Vantage Plus scores from 501 to 990.

    Here is the breakdown for both systems.

    Vantage Plus system scores from 501-990.






    FICO system scores from 300-850.

    Elite-740-& up




    Sub-prime-624-& under

    FICO is the only one that matters since it's the one that all major lenders look at.

    So as you can see it depends on if your looking at a true FICO score or a Vantage plus score.

    As far as what makes up credit scores it's the following;

    1. Payment history (longer the better) 35%

    2. Time in bureau (longer the better) 15%

    3. Types of credit (mix of credit cards & installment loans) 10%

    4. New credit (new accounts and inquiries) 10%

    5. Debt to credit ratio (lower the better) 30%

    Things that don't effect your score.

    1. How much you make or how long you have been on your job.

    2. Where you live or how long you have been there.

    3. Any account not considered real credit like cell phones, rent, utilities, insurance or gym memberships.

    4. If your a registered voter or not.

    5. Having a checking or savings account.

    6. How wealthy you are.

    So as you can see credit is based on opening and paying accounts. So without that you would have no score at all.

    The credit bureaus use different scoring systems, Equifax scores from 250 to 843, Experian from 253 to 893. Transunion from 250 to 877.

    There are also 3 different types of scores. The standard that you see, the auto enhanced that only auto dealers and lenders see and the factual which only mortgage companies and lenders see.

    So each person can have 12-15 different scores none of which will match. Great system huh. Add to this the fact that all lenders do not even report to all 3 credit bureaus and some don't report at all and you begin to see the problem with our current system.

    As far as a real score goes, go to it will cost $20.00 but you will get a real FICO score. You might also go to and print out all 3 of your reports for free, no reason to pay a credit monitoring service.

    Good luck.

    Source(s): Finance Manager for over 12-years, 2013 edition Consumer Action Handbook.
  • smolen
    Lv 4
    4 years ago

    What Is My Credit Score

  • 4 years ago

    Be careful about credit checks to Often every check is a hit on your credit it is on to check as long as you don't do it too often

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  • 5 years ago

    Johannes van Hove

  • Anonymous
    4 years ago

    Very good question, hope we get some good answers

  • Arlyn
    Lv 6
    4 years ago
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