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Be careful as the free FICO score is part of a 10-day trial of a monthly subscription service that will cost you $10.95 monthly if you fail to cancel within the 10 days’ trial period.
In a previous post I’ve discussed the merits of checking your credit score and credit reports from the three major credit agencies. As a reminder you are entitled to a free credit report from each of the three agencies once a year.
However, the free annual credit report does not include your FICO Score which is what the major lenders use to determine your credit worthiness.
The three credit agencies will provide their own score but it’s not what the majority of the lenders use.
It is a good idea to check your score at least once a year and certainly just before making any major purchases such as a mortgage or automobile loan.
Speaking of car loans, I heard recently a financial podcast and I would like to share a quote from it.
“When making a car purchase, buy what make sense not what makes a statement”.
Dan
