So I got a chance to get my report pulled and to set down and view it one thing that I noticed was that I had a lot of closed accounts ,and they were still on my account after 7 years and some of my students loans that were transferred when I Consolidated them were showing up in default (something that was killing my credit score).
Why is a credit Score important
Credit scores are very important Your credit score,, is a numerical figure that tells banks and lenders how responsible you are when it comes to credit. This number is calculated by using the information from your credit reports. If your credit reports show a solid history of on-time payments and a good mix of different types of loans, your score will reflect that. Likewise, if your credit report shows lots of missed payments and debt collection accounts, you can expect a poor score. The FICO score is often the score you hear about because it is the most widely used score by banks and lenders in the U.S. Knowing your FICO score will help you best know where you stand with lenders.
Where to Get Free Credit Reports
You are entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting bureaus. You can request full credit reports from all three bureaus from AnnualCreditReport.com. Since you only get one free report from each of the three bureaus per year, stagger them throughout the year. For example, once every four months, request a report from one of the bureaus. If you want to update your credit report more than just once a year, but you don’t want to pay for it, there are a bunch of tools out there that offer credit monitoring for free.
Where to Get Free Credit Scores
Get your free FICO score from Discover’s new tool. The great part about this site is that it doesn’t require you to be a Discover customer. You just have to sign up for an account. Anyone can get their FICO score for free here. The FICO score is based on Experian data. Your Free FICO Score Get your free FICO score from Discover’s new tool. The great part about this site is that it doesn’t require you to be a Discover customer. You just have to sign up for an account. Anyone can get their FICO score for free here. The FICO score is based on Experian data. Discover credit cards: Discover credit card holders can get a free FICO score based on their TransUnion credit report, which is available with any credit card account. You can find it on your account summary page, and it’s updated monthly.
American Express credit cards: American Express cardholders get access to their FICO score from Experian via the online portal.
Wells Fargo credit cards: Wells Fargo gives its credit card, personal loan, and HELOC customers access to a free FICO score created with data from Experian. Simply, log in via the mobile app and click “View Your FICO score.”
Bank of America Credit Cards: Bank of America gives their credit card customers access to a free TransUnion score with mobile banking.
Chase Slate: Chase Slate cardholders can get a monthly Experian FICO score.
USAA Credit Cards: USAA customers can get the Experian version of their FICO score. You just need to have a credit card account with USAA, and sign up for CreditCheck. Then, you’ll be able to view your score from your account online.