The Fair Credit Reporting Act
allows you to
receive a
free copy of your credit
report.
If you want your credit score, you must pay for that.
Please NOTE, there are many types of score models.
Banks & credit
unions use
one called Fair Isaacs or FICO. If you order your score, we
recommend you only
request the Fair Isaacs model. However, TransUnion and Experian
do not offer
Fair Isaac to consumers. TransUnion sells "Your Personal Score Model."
Experian is now selling VanageScore. These
score models have different
ranges and
you can't compare them to the one your
financial institution will use. Equifax is the
only credit bureau that sells the Fair Isaac score model. They
call their version "Beacon."
FICO scores range from 350 to 850. The average is around
700. 65% of your score is based
on your outstanding credit and how you pay your bills. If you
have no credit cards, loans,
mortgages or revolving accounts, you won't have a score. If you
only have collections or
judgments and no other accounts, you will not have a score.
More local banks, credit
unions and finance companies report to Experian than to the others,
so you should get more information from Experian.
We recommend that you
pull
the Experian first and then order
the TransUnion 4 months
later and the Equifax 4 months after that.
If, your financial institution
has given you a copy of your report or after you receive your
free
annual credit report from from the link below, you have any questions
on the report(s) or if you
wish to learn how to improve your report and score, please call us
for an
appointment to discuss
your file. (309-353-5527)
Order
your Free Annual Credit Reports by clicking here
