How to Check Your Credit Score

A free credit score could be yours if you know where to look.

A credit score is basically a number that gives a lender an indication of the likelihood you’ll pay back your debt. All lending institutions use credit scores to determine if it’s worth the risk to extend loan to a borrower.

Whether you’re financing a new car or buying a house, make sure you have the highest credit score possible when the lender does his credit check. You can get a free credit report from each credit bureau every year, but your annual credit report typically doesn’t contain your score. Here are four ways to check your credit score so you know what you’re working with when you meet a lender face-to-face and trying to get the best loan rate possible.

1. Check Your Credit Score Through Your Bank

Many banks offer a free credit score service to their customers. Discover will even provide your credit score for free even if you aren’t a customer. It’s easy to check through your bank:

  1. If your bank offers the service, just check your monthly statement or look up your account online to find out your credit score.
  2. In the case of Discover, visit its website to sign up for a free score.

Learn More: FICO Score vs. Credit Score — What the Difference Means for You

2. Talk to a Financial Counselor to Find Your Score

You can talk to a HUD-approved housing counselor or a nonprofit credit counselor if you need help finding your credit score, according to the Consumer Financial Protection Bureau. The counselors can often get you a credit score for free — and review and interpret the score with you. Here’s how:

  1. Visit the National Foundation for Credit Counseling website to find out more.
  2. To connect with a credit counselor, call 800-388-2227.
  3. Talk to a counselor to get your free credit score — keep in mind that you might have to pay for certain other services.

3. Use a Free Credit Score Service

Free credit score services often provide FAKO scores — “equivalency scores” designed to give borrowers a general idea of where they stand — instead of FICO scores. Make sure you know which one you’re getting. Here’s how to use a free credit service to do a free credit check:

  1. Research reputable, online companies that offer free credit scores, like Credit Sesame or Credit Karma — avoid unfamiliar sites that have not been thoroughly reviewed to reduce the risk of online fraud.
  2. Find out if the site provides a FAKO score or an actual FICO score.
  3. Submit your personal including your address, date of birth and Social Security number.
  4. View your credit score.

Check Out: Best Lenders for Home Loans for Bad Credit

4. Pay to Get Your Score

If you want your credit score and can’t get it anywhere else, go straight to the source. FICO offers credit scores to consumers for a fee of $19.95 per agency: Experian, Equifax or TransUnion.

  1. Visit the myFico website.
  2. Click on “One‐time Credit Reports” under the heading “Get Your FICO Scores Now With” at the left top of the page.
  3. Enter your email and password to set up an account.
  4. Provide your personal information.
  5. Pay the fee.
  6. View your score.

Up Next: Your Game Plan for Getting the Highest Credit Score Possible

About the Author

After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.