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Guide to Credit Score Online

By: Joann Cheong

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Your credit score used to be top-secret information that only lending institutions are able to access it, And even then, lenders can only see your score if you have applied for credit with them. That is how valuable your credit score is.

Now, with the passage of the new law governing credit scoring, a vital change has created. A lender is checking your score when you apply for a loan or a mortgage with them, but now, you can also see your own score.

This is a positive change, considering how you might deny for a loan and has no idea why. Since you can now view your own score, you can verify whether the lender was justified in denying you credit or giving you a high interest rate because of your score.

Even better news is that there are many websites that offer get credit score online free. Not only can you easily access your credit scores, you can also get them free. This is entirely for your benefit.

The three major credit-reporting agencies (Equifax, Experian, and TransUnion) that are responsible for assigning credit scores to consumers based on information found in their credit reports charge a small fee whenever you request a copy of your credit score. In fact, the only time you can request for get credit score online free from any of these credit reporting agencies is if you fall under the following categories:

You been denied credit in the past 60 days
You are unemployed
You are on welfare
You believe your credit report contains inaccurate information due to fraud

In 2004, the US Congress passed a law that amended the Fair Credit Reporting Act (FCRA). According to the amendatory provision, consumers can now get credit score online free once every 12 months. You can also check the Consumer Section of the FTC website (Federal Trade Commission).

To get your get credit score online free, you may need to provide your personal information to verify your identity:

Name
Address
Social Security Number (usually no more than the last four digits)
Date of Birth

The reason you asked to provide sensitive information like the ones enumerated above is that identity thieves may try to pose as you in order to get your credit information. By verifying your identity before approving your request for get credit score online free, the website offers you protection from these unscrupulous individuals.

Article Source: http://depositarticles.com/

Read More At get credit score online for free.Or visitrichforest.

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