How do you find out your credit rating? What do typical results mean?

www.annualcreditreport is the safest and best place to obtain a free copy of your credit report with each of the 3 credit bureaus. You will not receive a credit score with this free report but you can pay money if you would like to see your score.





On your credit report you will see a history for each account. A 1 in your credit history means the payment was made on time. A 2 means you had a 30 day late, 3 - 60 days late, 4 - 90 days late etc... all the way up to a 9 which means the account is in collection status.





As for credit scores here is a quick guide to their meaning:


Anything over 720 is excellent


660-719 is very good


600-659 good


500-599 below average


below 500 very bad

How do you find out your credit rating? What do typical results mean?
go to creditreport.com it will give you a full credit report. the first 30 days are free if you are not interested in continuing with them call and cancel your membership before the 30 days are up.
Reply:Careful. Many of these sites are tricky. You can go myFICO.com which is only place to see all 3 FICO Scores from all 3 credit agencies. Check out the FICO Deluxe product.





What's a FICO? FICO is the brand of credit scores that most lenders use. [it can go be other names too like Beacon].





Why all 3? Lenders often use all 3 of your scores to determine your credit risk. Best to look at all three.
Reply:You need to obtain your credit report to learn your credit rating. www.annualcreditreport.com is a site that doesn't have a trial period/fees for any credit report services, but it does have a fee to see your credit score. You can see/print the report.





The results indicate your ability to manage your credit (loan and credit card repayment, etc.). Your credit score guides the decisions of certain business parties. If your credit score is low you're less likely to be approved for major purchases requiring good credit scores, more credit lines, certain jobs, etc.





It's wise to obtain your credit report annually, at minimum, and to make any necessary corrections of any errors that you may find.
Reply:You can get it online with one of the sites like freecreditreport.com





Or call your bank. Many banks are giving customers a free credit report once a year.





Typical score would be anywhere from about 630-680 or so.