Every citizen is legally able to get a copy of his or her credit report annually for free from the three major credit consumer reporting companies: Equifax, Experian, and TransUnion. There are some places on the Internet that will provide you with the three credit reports and a credit score from each of the reporting agencies.
Each of the reporting agencies, Equifax, Experian, and TransUnion has their own scoring system. If you get a score with your reports you will most likely get three different scores. Here are two questions live score you may have: Are the credit reporting agencies scores the same as my FICO score? No. How do I check my FICO score for free? That is more difficult to answer.
A FICO score is derived from a third party company, Fair Isaac Corporation, and it is the best known and most widely used credit score model in the United States. The FICO score is different than the credit reporting agencies scores as Fair Isaac uses their own statistical model to derive their scores. You actually have three FICO scores, one for each individual credit company Equifax, Experian, and TransUnion.
In addition to having three FICO scores, one for each individual credit company, you also have different FICO scores based on three types of credit: 1) mortgages, 2) automobile loans and 3) consumer credit. These scores reflect the different lending default risks inherent to these different types of loans.
Now, getting back to the question of how do I check my FICO score for free. As you now know, there are actually three FICO scores that you would need to obtain to have an exact knowledge of what your FICO scores are for each reporting agency. You can check your FICO score for free if you go to the website myfico.com and enroll in some of their programs that track your credit score and protect you from any type of malfeasance to your credit reports. However, enrolling in these programs will cost you a monthly fee.