GoFreeCredit.com is a revolutionary site which gives you instant access to your credit score - FREE!
You will see your updated credit information and help protect yourself against Identity Theft.
Credit score facts
- Credit Scores can range from 300-900, the higher the better
- Most lenders base approval on your credit score
- Higher Scores mean lower payments and better deals
- Higher Scores mean Lower interest rates
- Scores are determined by 5 main categories
Under a new Federal Law, you have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies. To request your free annual report under that law, go to annualcreditreport.com
Go Free Credit is one of the leading websites offering free trials of credit monitoring of credit reports and credit scores for people looking to improve their financial health.
What You Get in Your Credit Report
Your credit report is a comprehensive overview of your overall credit usage and credit history, including credit monitoring from all 3 major credit bureaus - TransUnion®, Equifax® and Experian®. You will be able to see if there were misspellings in your name or any other major errors affecting your credit report. In addition, your credit reports will be monitored daily and you will be notified of any changes that may hurt your credit.
You also get the following features:
- Free credit monitoring from all 3 major credit reporting bureaus
- A detailed analysis of your credit history
- Details on who has viewed your credit report
- Unlimited access to your credit report for 60 days online
Why You Need Credit Reports
A credit report provides lenders with an overall snapshot of your credit usage, and even potential employers are checking applicant's credit reports.
Checking your credit report can also help to prevent against fraud and identity theft, which are among the fastest growing crimes today. The best way to prevent fraud is by checking your credit report for any suspicious activity on your bank accounts, credit cards and loans.
Why Credit Scores are Important
Everyone checks on credit scores these days, and with a higher credit score you can gain access to the best interest rates on school loans, cars, mortgages, credit card offers, insurance payments and so much more.
Credit scores are calculated based on data in your credit reports and can fluctuate depending on recent activity, so it's important that you are monitoring it on a daily basis.
Differences Between Credit Reports and Scores
A credit report is an analysis of when and where you applied for credit, the lenders borrowed from and who you still owe money to. Your credit reports also monitor how much debt youVe paid off and whether or not you are current on your monthly payments.
A credit score is a number-grade assigned to you based on the information in your credit report. Companies, banks and lenders all use your credit score to assess the risk of lending money to you, and the score determines the interest rates you will pay.
