Q: I can’t get through a TV show without seeing a commercial for a free credit report. How accurate can they be if they’re free?

A: Most likely, the credit score that is given to you will be pretty accurate, because the information comes from the three credit reporting companies that provide these numbers. They are TransUnion, Experian, and Equifax. So, it’s not the accuracy of the report that you should worry about.

What you should worry about is having to pay to get ALL of the information that is included in your credit report besides just the score, and having to enter into a contract in order to get this information. You can request a free credit report from all three reporting companies up to three times a year.


While your credit score is important, there’s more on the report than that. The credit report also lists the companies with whom you have outstanding loans, as well as those you have paid off. Many times, a payoff is not recorded on the credit report, and this is something you can have changed if you know this is the case. If you can’t see that information, you have no way of knowing if this is happening or not.

Do You Know What Your Credit Score Is?
It's important to know what your credit score is before applying for a credit card or a loan. We recommend checking your score with Credit Karma, because they offer a truly free credit score with no hidden fees. Credit Karma also gives you a credit report card and free daily credit monitoring.