What is a Credit Score and how do I find Mine?

Phillies Fan Forever: What is a Credit Score and how do I find Mine?
I always see these advertisements for credit scores like “whats your credit score?”. Or something along those lines. What is a credit score and how do i find mine?

Answers and Views:

Answer by jayne h
there is a free web site to get all three credit reports. you may have to ask for your credit score. you are able to get free credit report once a year/ www.fact act.com

Answer by Bedford S
go to myfico.com. It will give you your fico score for about $ 15.00. Fico is the score lenders use to determine credit risk.

Answer by Mia Jacob
A credit score is a number that represents the creditworthiness of a person. A credit score is primarily based on credit report information, typically from one of the three major credit bureaus: Experian, TransUnion, and Equifax.

There are different methods of calculating credit scores. FICO, the most widely known type of credit score, is a credit score developed by Fair Isaac Corporation. It is used by many mortgage lenders that use a risk-based system to determine the possibility that the borrower may default on financial obligations to the mortgage lender. The credit bureaus all have their own credit scores: Equifax’s ScorePower, Experian’s PLUS score, and TransUnion’s credit score, and each also sells the VantageScore credit score. In addition, many large lenders, including the major credit card issuers, have developed their own proprietary scoring models.

All Americans are entitled to one free credit report within a 12-month period from each of the three agencies. You can visit https://www.annualcreditreport.com/cra/index.jsp, where users can get their free credit report, but not their credit scores. Credit scores are available as an add-on feature of the report, for a fee.