What is a credit score and why does it matter?

What is a credit score and why does it matter?

A credit score is a number based on the information in your credit report. Your credit score is based on positive and negative credit history. Paying your bills on time and using your credit responsibly builds a positive history, while paying bills late and being irresponsible with your credit builds a negative history.A credit report is a snapshot of your experience with credit-related accounts. There are three main types of information on your credit report: Public records, accounts, and credit inquiries.

When you order your own credit report, it’s considered a “soft inquiry,” and it doesn’t impact your credit score or appear on your credit report when a lender views it.

A “hard inquiry” is placed on your credit report when a company reviews your credit as part of an application. Having too many hard inquiries on your credit report could mean that you are overextending yourself and could potentially lower your credit score.


It’s vital for everyone to know their credit score. It helps you properly budget, make wise financial decisions, and know if you’re a victim of fraud.

Free Credit Score, part of the family of products offered by ConsumerInfo.com, Inc., an Experian® company, is the leading provider of online consumer credit reports, credit scores, credit monitoring, and other credit-related information. They’re trusted, providing more than 3.1 million members 20 million credit reports since 1995.
credit report

For a small monthly membership fee, members enjoy the following benefits:

Access to your Experian® Credit Report and PLUS Score®
Bi-Monthly Score Monitoring and Alerts
Daily Credit Monitoring and Alerts
Fraud Resolution Support
$50,000 Product Guarantee

Members also have unlimited access to the Score Center. It lets you track your score over time, understand the factors that determine your score, and estimate possible changes to your score. Plus, your most recent credit score is always available in the top right corner of the Score Center.

To make your life easier, Free Credit Score sends members a monthly credit statement made up of your credit score, any alerts sent to you, and important summary information from your credit report. Their goal is to simplify the confusing world of credit in one easy-to-read format. This important statement can notify you of suspicious activity on your credit report, like an account you didn’t open, or an alert you may have missed.

Members find the site a great resource for their finances, and for those who want to join, there’s never been a better time. Right now, you can get a 7-day FREE TRIAL to try it out yourself at no-cost. If you don’t cancel your membership within the 7-day period, you’ll be billed just $14.95 for every month you continue your membership.Read More

 

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