You’ve heard people talking about them your whole life. You can’t buy a home, car, or pretty much anything else without them, and you likely don’t even know where to find them. They are: your credit scores!
Why Your Credit Scores Are Important
Your credit scores are very important. They numerically reflect your dependability by archiving your payment patterns and helping lenders and creditors learn more about how responsible you are in paying your bills. The higher your credit score, the more responsible you are considered and the more likely you will be approved for better financing rates and terms. If your scores are low, you might have a hard time qualifying for anything at all.
How To Check Your Credit Scores
While most people believe their credit scores can be found on their credit reports, this is simply not the case. The reason for this is that most score providers, including the three most popular nationwide credit bureaus Equifax, Experian, and TransUnion (as well as companies like FICO), utilize different credit scoring models. Essentially, each company uses, and has access to, different information for calculating your credit scores, which is why you will often see your scores vary slightly from site to site. There are, however, a few more effective ways to track down your actual credit scores.
Check Your Statements
Nowadays, banks, loan providers, and credit agencies will often offer up credit scores on statements, or make them available online by allowing people to log into their accounts and view them there. So if you’re looking for an easy way to check your scores, try with your own financial institutions first.
Purchase Your Credit Scores Directly
While you are entitled to receive a free copy of your credit report from any of the three major credit bureaus once every 12 months, as stated above, your credit scores will not be listed. You can, however, purchase your scores directly from these agencies by contacting them and inquiring about your scores.
Use A Credit Score Service/Free Credit Scoring Site
Other popular sites will let you check your scores for free, or allow you to monitor your credit more closely for a subscription fee. Each will likely also have a variety of different perks, tools, and services worth taking advantage of as well though, so make sure you always do your own independent research on each company you’re interested in to ensure you make the best choice for yourself!
Contact A Credit Bureau
To obtain more information about your credit scores from one of the three major nationwide credit bureaus, contact:
- Equifax: Equifax.com/personal/credit-report-services – 800-685-1111
- Experian: Experian.com/help – 888-EXPERIAN (888-397-3742)
- TransUnion: TransUnion.com/credit-help – 888-909-8872
Or, to learn more about bypassing your credit scores entirely, and securing the financing you need to afford a reliable used vehicle from one of our many partnering car dealerships, check out our many resources at Suburban Auto Finance today! Apply Now to get your preapproval so you can start car shopping our available inventory right away!