How to check your score or credit score

The credit score It is like the master key that will open all the doors of financing for you. Due to its importance for banks and for you to raise your quality of life or that of your family, we will show you the means available to review it when necessary.

Article content

1. Reasons to check your credit score
2. What are the scores that you can consult?
3. Alternatives to check your credit score
4. Score for Equifax
5. Experian score
6. Score for TransUnion

Reasons to check your credit score

It is clear that no one is obliged to check your credit score, especially if there is no concern for personal finances. This information is only valuable for those who aspire to have a home, car or other type of equity of their own or to obtain a personal loan or credit card.

It is a figure that tells banks and lenders how you have handled financing in the past. East score
it goes from 300 to 850 points.

The higher the value, the greater the chances of getting a credit or loan. One reason to know it beforehand is that it allows you to have a clearer idea about whether or not you qualify for specific financing. Remember that a poor score (300-579) or regular (580-669) is usually insufficient.

Another equally important reason to know is with the intention of making the necessary adjustments to improve it. There are several factors that can add or subtract points, so We suggest you check it at least once or twice a year.

This query is more critical when you have multiple accounts or have incurred some non-payment in the last 6 months.

What are the scores that you can consult?

You should know that there are 3 credit institutions that generate these scores based on a series of their own criteria to make their calculations. These bureaus (Equifax, Experian Y TransUnion) put at your fingertips 2 main qualifications: the Fico Score and the VantageScore.

They are similar and you have the possibility to check your credit report on their respective portals, free of charge and once a year. While 90% of financial institutions consult FICO more than Vantage, we suggest you review both to get a more accurate perspective of what others are seeing.

You can also request a credit report within 60 days of being rejected for financing. In the same way, if you do not have a job or are receiving government assistance (welfare).

Alternatives to consult your credit score

You already know that you can check your credit score at AnnualCreditReport.com or by calling the toll-free number 1-877-322-8228. You can do it once a year at no cost. But if you don't want to shell out $ 20 USD for each additional query, there are other alternatives:

Score for Equifax

There is only one bank that offers you this information: Citibank. The Fico Bankcard Score 8 of said bureau is available every month with a delay of 10 days while they verify the data. This institution publishes this score for those who handle certain cards, among which the following stand out:

• Citi Prestige
• Citi Dividend
• Citi Double Cash Card
• AT&T Access Card from Citi
• Citi Business / AAdvantage Platinum Select World Mastercard

Citi Double Cash Card

• APR: 15.99%
• Annual quota: $ 0
• Credit limit: Consult

More infoRequest
Citi Prestige Card

• APR: 18.99%
• Annual quota: $ 0
• Credit limit: Consult

More infoRequest

Experian score

In addition to the website FreeCreditScore that sponsors this bureau, you can review both scores (FICO and Vantage) through various financial entities, such as:

• Discover. You can review the FICO Score 8 once every 30 days using the Credit Scorecard and they calculate it the same day you request it.
• USAA. Updated every month, you have the ability to view VantageScore 3.0 at no cost through Experian's CreditCheck service. You must be a customer of this bank.
• Chase slate. Cardholders of this plastic can use the Slate Credit dashboard to check the FICO each month. Since June 2019, he has been integrated into the Chase Credit Journey program.
• American express. This payment processor gives the FICO automatically for those who have a primary credit card, receive an account statement and have an available score. If you are only an authorized user or show little activity, you will not be able to check your score.

Score for TransUnion

As with the other credit bureaus, there are several entities that offer you to see your score for free:

• US Bank. It makes it easy for your cardholders to check their FICO once a month using the CreditView dashboard.
• Capital one. You can check your VantageScore 3.0 with the CreditWise app and through your credit card account.
• Barclays. Those who have credit cards from this entity can see their score and history by entering their account and clicking on "View my FICO Score".
• Bank of America. Eligible credit card customers can check their FICO score each month and at the “View your FICO Score” link.

As experts in personal finance, at Hispanic Business Blog we give you several tools to improve your credit score in a simple and effective way.