Under the FACT Act, we’re all entitled to a free copy of our credit reports once a year. But what about our credit scores? Unfortunately, this federally mandated law only pertains to credit reports – not the magical three-digit number that determines whether or not we’ll be approved for a loan. So if you want to know your credit scores, you have to pay for them. Or do you?
An excellent article today by Jane Kim in the Wall Street Journal talks about other options for consumers to obtain their scores for free. The article goes into detail about whether or not you can really get your credit scores for free and even features (and reviews) our recently launched Credit Report Card! Here’s a quick snippet:
“Credit.com’s Credit Report Card boiled down our 20-plus-page TransUnion credit report into an easy-to-digest format. The report graded us on a scale of A to F across key factors that went into calculating our score, and showed us how important each factor was to our score. While we scored a C-minus on “inquiries” (in part because we recently refinanced our mortgage), that category made up only 10% of our score. By contrast, we scored an A-plus on our payment history, which made up 35% of our score.”
To read more, check out the full article: Credit Scores: Can You Get Them Free?
To order your free Credit Report Card, go to https://www.credit.com/r/credit-report-card today to try it out. Don’t forget to let us know what you think!
Credit.com offers straightforward tips and advice to help you make smarter financial decisions. Visit Credit.com to sign up for your FREE Credit Report Card and find out where you stand today!
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