Your Questions About Credit Reports And Score

David asks…

How do I find out my what my credit score is?

I don’t mean a credit report, but my actual credit score. Is there a way to get it for free? Where do you recomment that I get it from? How often should I check it and what makes it go up or down? Also, I know that too may inquiries look bad and may cost points, but is requesting my score considered to be an inquiry and will it cost me points? Please be specific/ give examples with your answers. Thanks so much

John answers:

Never ever ever go to freecreditreport.com its a scam. Go to annualcreditreport.com it is free, if you want the score you have to pay 7.95. Too many inquiries look bad If you are shopping credit cards. Mortgages and Car loans are different, they don’t affect you the sanmme way. The best way to get a score is to have someone run a trimerge. Some banks will do it if you tell them you are looking into a loan of some sort. I run them alllll day long. Depending on your state you can get a free CBR once a year. You also can call/write to Experian, Equifax and Transunion. Depending on the reason for running your score, it may not effect your score. Hope that helps!

Susan asks…

Does asking for a copy of your credit report affect your FICO score?

I would like to request a copy of my credit report from one of the credit reporting companys to see my score. Does it affect my credit the same as it would if a lendor ran a credit check?

John answers:

No. Only multiple applications for a credit line in a short time will affect your score.

While it is true that you are entitled to one free credit report from each of the 3 bureaus (Trans Union, Equifax, Experian) every 12 months, your credit report does not list your credit SCORE.

To obtain your score, you will be required to pay a small fee (usually less than $10). Be advised that credit scores are not fixed and change fairly regularly depending on how much you use and pay off credit like cards and/or loans. It is worth the price to determine if you haven’t checked your score in the last year.

John asks…

Can paying off debts on your credit report actually increase your score?

I’ve recently paid off about seven creditors on my credit report (all within two years of reporting). Does anyone know if that does anything for my score?

I was told by all companies that they would remove the account from my file. Does that help?

John answers:

It may take time for you to see the benefit, but remain consistent and it will benefit you greatly. To build additional credit, try creditloader dot com.

Sandra asks…

How to Get a Free Credit Report?

hi, Can somebody tell me is it possible to get a free credit report and scores?is there are website for that?
I also need credit monitoring program.Please suggest me something.Thank you in advance.

John answers:

So far only one has given the correct answer, and it is https://www.annualcreditreport.com/cra/index.jsp
BUT, you do not get your scores. One has to pay a fee for credit scores.

If you want your correct score use MyFICO for your Transunion and Equifax scores. They charge either a one time fee or you can enroll in various other programs.

All those other sites that state you can access all 3 at any time usually are way off on the scores and are not always up to date.

Mandy asks…

Can you pay someone to increase your credit score?

I saw an add where you can pay a company to remove negative things off your credit report to increase your credit score. Is this just a scam or is it the real thing?

John answers:

Those companies will consolidate your bad debts and set you up with a payment plan, one lump sum to pay each month and then distribute the money to all the collectors on your credit report. It won’t really raise your credit score right away, it will pay your debts and maybe allow you to build up credit so you can increase your score. It’s a slow process if you have a lot of bad debt.

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