Free Credit Report > Credit Score > Free Credit Score

Free Credit Score

You can get a free credit score with a free credit report from several different services. Our home page gives you the option to choose a free credit report that offers you a free credit score. Your free credit score indicates your creditworthiness to financial institutions. A credit score is a three digit number that lenders use to decide whether to lend you money and at what interest rate. Historically, the credit score is a number between 300 and 900. The rational is that the higher the credit score the less risk there is to the lender that you will not repay the loan. That is why it is important for you to see your free credit score so that you can have the upper hand when looking for a loan.

Equifax now offers an online FICO credit score and Beacon credit score to consumers with a credit report.

To calculate a free credit score, numerical weights are placed on different aspects of your credit report and a mathematical formula is used to arrive at a final credit score. Different credit reporting agencies calculate your free credit score based on many factors of your credit history and payment behavior. These many factors may include, but are not limited to:

• How you are paying your accounts
  
  
• How much money you currently owe
  
  
• How long your accounts have been open
  
  
• What different types of credit you use
  
  
• How much credit you use compared to the amount of credit you have available
  
  
• How often and how recently you have applied for credit

The credit industry uses various types of credit scores to assess risk for different types of credit. For example, a creditor may use one type of score when assessing risk for a credit card account, and another type of score when assessing risk for a mortgage account.