Frequently Asked Questions(FAQ)

Why is it important to know my credit score?

Knowing your score can help you understand what credit products you may or may not qualify for. This can save you time, stress, and embarrassment. For example, if you assume your credit score is a 760, and you walk into a Mercedes Benz dealership and fill out an application, only to find out your score is actually a 520, you could have avoided that by knowing your credit score ahead of time. 

Monitoring your score can also help you catch errors and watch your progress as you work to improve your score. You may also be able to prevent identity theft or misuse of your credit score by consistently monitoring it. 

What is a good credit score?

FICO credit score of 670 to 739 is considered to be good. A VantageScore credit score of 661 to 780 is prime which is also considered to be good on that scoring model. The higher your credit score, the more money you will save on interest and fees, the more financial opportunities and products will be open to you, and the less risky you will appear to a lender. 

How much does it cost to check my credit score?

You can pay for credit scoring services via the three main credit bureaus. However, there are also many free options for checking your credit score mentioned throughout the article. These include utilizing the help of a credit counselor, lookin at your score on mortgage or financial statements, or using online services to check your score.  

About the Authors

Allison Bethell

Written by: Allison Bethell

Real Estate Expert

Allison Bethell is a content writer, real estate investor, small business owner, and consultant. She has a B.A. from Villanova University in Sociology and Business. She also holds several graduate certificates in early childhood development, screenwriting, and contract law.

More about me

Related Articles

Show More