How do I check my credit score? If you are wondering how to check your credit score, there are a number of websites that provide free credit reports online. You'll want to obtain a credit report from the three main credit agencies: Equifax, Experian and TransUnion. You are eligible to receive a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies.
The Fair Isaac Corporation (FICO) created the first credit scoring system in 1958 for American Investments, and created the first credit scoring system for bank credit cards in 1970 for American Bank and Trust. A number of lenders use third-party credit scoring systems, such as NextGen, VantageScore, the FICO scoring model, and the CE Score, to evaluate creditworthiness of a borrower.The three nationwide consumer credit reporting companies – Equifax, Experian and TransUnion – created AnnualCreditReport.com for consumer use. It's the safest choice for consumers to use to obtain their credit reports and is the only credit reporting website regulated by the government. The website talks about guarding your privacy, which is important to consider. The website has an extensive FAQ section that will help answer questions and guide you through the free credit report process.
Free credit reports may be requested online and are viewable immediately upon the authentication of your identity. Free credit reports requested by phone or mail will then be processed within 15 days of the website receiving your request.
In the FAQ section of AnnualCreditReport.com, there is information about how to have a fraud alert placed on your file. The fraud alert in your file is to let potential creditors know that you may be a victim of identity theft. Placing a fraud alert will make it more difficult for someone to get credit through your name, since it alerts creditors to follow specific procedures in order to protect you and your credit. Calling one of the following three nationwide consumer credit reporting companies will set in motion the agency putting the fraud alert in place. Once it is in place, that agency will notify the other agencies, which then place a fraud alert in your file as well. Placing a fraud alert in your file may cause delays in your ability to get credit in your name.
An initial fraud alert will stay in your file for a minimum of 90 days, while an extended alert stays in your file seven years. If you request an extended alert be place in your file, you will need to provide an identity theft report. For more information regarding the identity theft report, visit ftc.gov.
To order a free credit report visit AnnualCreditReport.com,