Get Your Free Credit Score!

Today I was reminded again about that little three digit number so many people like to talk about—their credit score. Everybody seems to be concerned about their number, right.

What is Your Credit Score?

There is so much publicity about your credit score (how to find out what it is, how to protect it, how to improve it, etc.) that it is doubtful very many people do not know what it is, but just in case here is the plain English definition.

Your credit score is a three digit number compiled by the credit agencies that rank your credit worthiness in their eyes based on your credit history which is used by financial institutions and others to help them decide whether to give you a loan, how much to charge for your auto insurance, and whether to give you a job (among other things).

Often you hear your credit score referred to as your FICO score. Technically this refers to the score provided by the Fair Isaac Corporation (now officially renamed FICO) which is the most widely used by financial institutions. A number of other organizations provide credit scores as well, but they are not so well known.

Can You Get Your Credit Score for Free?

Your credit report is more important in many ways than your credit score and you can get it for free. Once a year each of the three major credit reporting agencies are required by law to give you a free copy. You can ask for yours at which is operated jointly by the three major reporting companies (Experian, TransUnion, and Equifax).

But what about your credit score? Is there any way to get it for free?


Are Prepaid Cards a Good Idea?

Prepaid cards are the talk of the day in some circles. They are said to have a number of advantages, not the least of which is that they require no credit check! But that alone ought to cause the discriminating mind to raise a few concerns.

Are Prepaid Cards a Good Idea?

Think about …