You can get your credit score from a variety of places. When you’re getting ready to apply for new credit, knowing what your credit scores mean and how they’re affected will help, according to Nationlearns. Credit ratings are used by lenders to determine how likely you are to repay your debts on time. The better your credit score, the better the deals you’ll get from lenders, such as reduced interest rates and other advantageous terms.
You can review your credit scores in a few different ways:
1.Visit a website that offers free credit scores. Many websites give free credit scores; only read the terms carefully before signing up. Some free websites have educational ratings to help you understand how you’re doing in terms of credit.
2.Consult your credit card company or lender. Many credit card and auto loan companies have free credit ratings, which you can use by logging into your account online or by receiving a copy of your monthly statement. In most cases, you must opt in to obtain the phone number.
3.Consult a credit counselor who works for a non-profit. Credit counselors will usually pull your scores for you for no charge and go over the specifics with you. The National Foundation for Credit Counseling is a good place to start looking for one.
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