Most people know that good credit is important for several aspects of their lives. Your credit score affects your ability to take out loans and even apply for certain jobs, plus it will determine the interest you’ll pay on credit cards, mortgages, car loans and more. This is why it’s critical to know your credit score and the best way to do this is to get a free credit score check.

In this article, we’ll cover what a credit score check is, how to get a free credit score check, and the basics of what a good credit score means.

What is a Credit Score Check?

A credit score check is an analysis of your credit history used by lenders, landlords, and employers to measure your creditworthiness. It’s a reflection of your financial behavior and the likelihood that you’ll repay debt on time.

Your credit score will range from 300-850 and will influence the type of loan and the amount of interest you can receive from lenders. The better your score, the more likely you’ll be able to receive loan approval and the lower your interest rate.

How to Get a Free Credit Score Check

Your credit score is calculated based on your full credit report. With that in mind, you have several options for getting a free credit score check.

• Annual Credit Report: You can get a full credit report free once a year from each of the three credit bureaus, Equifax, Experian, and TransUnion. This report won’t include your credit score, but you can use it to look for errors on your report or red flags that need to be addressed.

• Credit Cards & Banks: Many banks and credit card companies now offer free credit scores to their customers. Some companies may provide quarterly updates or even daily real-time updates, depending on their policy.

• Credit Monitoring Services: Credit monitoring services can give you more detailed reports about your credit health. However, these typically come with a cost.

• Online Credit Score Services: There are many helpful websites and services you can find online that provide free credit scores. These sites usually offer a snapshot of your credit score and a few other resources, such as an explanation of what affects your credit score, tips on how to improve your score, and more.
  

What is a Good Credit Score?

When you receive your credit score, it will fall within the 300-850 range. The national average is around 700, with anything above that being considered good. The higher the number, the better your credit score is.

Credit scores fall into the following categories:

• Excellent credit: 750-850

• Good credit: 670-749

• Fair credit: 580-669

• Poor credit: 300-579
  

Having a good credit score will improve your chances of being approved for loans and mortgages, thus allowing you to save money through lower interest rates. It will also help you secure better terms on car loans, credit cards, and more.

Conclusion

Your credit score will determine the credit options available to you, so it’s essential to keep tabs on it. You can get a free credit score check from banks, credit cards, annual credit reports, and simply by doing a quick online search. Knowing your credit score is the first step to ensuring a successful financial future!