The United States Government and the 3 credit bureaus allow everyone to receive 1 free credit report every year. You may start here to request your free annual credit report. It’s Quick, Easy and Secure.
What Is A Credit Score?
A credit score is a number that is used to measure a person’s credit worthiness. The score is based on the individual’s credit information and history. Credit scores range from 300 to 850.
Banks, credit card companies and other lenders use credit score information to assess the potential risk they take when lending money to individuals.
It is generally a good idea to check your score regularly to stay on top of fluctuations you may not be aware of. If you catch a drop in credit score quick enough you can sometimes act fast to remove the bad debt or collections item and raise your score again. A high credit score can significantly reduce interest rates on acquired loans as well as qualify you for higher risk debt than a low score.