How to find out my credit score? This is one of the most common questions that many people asked the moment they get out of college and start to work. Your credit rating plays a very crucial role in your life; not only in financial aspects, but also in many ways like your career. Aside from banks and financial institutions, this score is used by employers when selecting job applicants, government agencies when it comes to approval of licenses, insurance companies for evaluation of insurance premiums and applications, social welfare agencies such as when adopting a child; and still much.
That is why, when people start to realize the importance of credit rating, they scramble how to find out my credit score. So where are you going to get it anyway. There are many reporting companies that offer to give you this data; however, some of them maybe a scam that asks you too many fees before finally giving your score. Still others will instantly give your score but they are very inaccurate and do not actually reflect your credit ranking.
How to find out my credit score from reliable and credible sources? There are three main credit-reporting companies that offer to give you your annual credit reports for free: the TransUnion, Equifax, and Experian. This report is the basis from which your real credit score is based.
Hence, you need to regularly secure this copy in order to check the accuracy of the entries contained in this document. However, this file does not show your actual credit-score; hence, you need to request your credit score either from any of the three reliable companies mentioned above. This time, it is no longer free; and you have to pay a certain minimum amount as service fee for doing the accurate computation of your score. For instance, Equifax charges just a minimal amount of $ 6 as service charge for the computation of your credit-score.
Therefore, to finally answer your question on how to find out my credit score, get them from reliable and credible sources like Equifax, Experian, and TransUnion; and you have to invest a minimal amount to get this data.