HOW TO CHECK YOUR CREDIT SCORE 💳💳

Hello, and welcome back to Legend Finance! 🌟 Today's the day we're taking a journey into something that's part of everyone's financial life: checking your credit score. No matter where you are in your financial journey, knowing your credit score is essential. It's a little number with a big impact, affecting everything from loans to apartment rentals. But don't worry; it's not as intimidating as it sounds.

Here at Legend Finance, we've broken it down into easy, straightforward steps. By the time we're through, you'll have all the tools you need to check your credit score with confidence. So, sit back, relax, and let's explore this together, right here and now. It's time to empower yourself, and it all starts with us at Legend Finance! 🎉

TOPIC 📘📘

💡 Pulling your credit reports the right way is crucial. You'll want to know who's reliable and who's not. If cost is a concern, there are places to get them for free. But if you're considering a paid credit monitoring service, let's break down the best options. And just to clear things up, let's also explain the difference between pulling credit reports and using a credit monitoring service. It can make a big difference.

WHAT IS THE DIFFERENCE? 🔍🔍

📊 You can pull your credit reports yourself or use a service that monitors them and your FICO score. If you go with a service, make sure it's one you can trust and that it gives you all the information you need, like your main FICO score and the special ones for different industries.

THE GOLDEN RULE 🏆🏆

💰 Free credit scores aren't what lenders use to judge your credit. Whether you're after a credit card, a mortgage, a car loan, or a personal loan, lenders use specific industry credit scores. A key point to understand is that Credit Karma's score, a Vantage score, isn't the one lenders use for lending. Know the difference and recognize that the credit score you see might not be the exact one lenders will use.

CREDIT KARMA ⚠️⚠️

📉 Credit Karma's score isn't used by lenders. Now, let's move on to what credit score companies are really looking at. They have specific criteria they'll use to decide if you qualify for a credit card or other loan. This understanding is key, and focusing on the right scores can make all the difference.

FICO 8 CREDIT CARD SCORE 💳💳

📈 Credit card companies use the FICO 8 bank card score. Every credit bureau, including Equifax, Experian, and TransUnion, has this individual score, and each one might differ. When it comes to auto loans, lenders are looking for a FICO 8 Auto score. For mortgages, lenders typically use the FICO 2, 4, and 5 mortgage scores. The number one place to get your credit score and reports is typically the most expensive option. FICO, also known as myFICO, is where your credit score originates.

MYFICO COST 💸💸

💳 MyFICO is top-notch but comes at a higher price, around $29.99 or $39.99. It's reliable and gets data straight from the bureaus, but you only get one refresh every 30 days.

SCORE IQ 📊📊

🔍 My Score IQ offers one of the few opportunities to see your credit scores and reports in the same place. With a seven-day trial for only $1, you can check out your Experian report. It doesn't include the other two bureaus, Equifax and TransUnion, but it gives a snapshot of your industry scores and credit reports all in one spot.

ANNUAL CREDIT REPORT 🗂️🗂️

📝 Here's a resource we all should know about: annualcreditreport.com. Right now, due to the ongoing effects of the pandemic, we can get a free copy of our credit report every single week. This site offers the most accurate and reliable credit report, coming directly from the credit bureaus: Experian, Equifax, and TransUnion.

📊 Pulling this credit report requires careful attention. There will be security questions, and getting them wrong means being locked out of the online request. You can also call the phone number provided or send a letter with your details by certified mail.

HOW TO PULL YOUR ANNUAL CREDIT REPORT 📝📝

💻 Go to annualcreditreport.com. This site provides rock-solid information directly from the bureaus.
🖥️ Set up your account: Enter your personal information accurately.
🛡️ Answer Security Questions Carefully: If they lock you out, you can call the number provided or order the report by mail.
🏦 Choose all Three Bureaus (Equifax, Experian, and TransUnion).
📱 Verify Your Identity Through Text Message: They will send you a five-digit code to the phone number you entered.
💾 Save Your Reports as PDF: Once you've accessed each report, click to print, but instead of printing, choose the option to save as a PDF.
🔄 Repeat the Process for Each Bureau: You'll need to follow these steps for Equifax, Experian, and TransUnion.

🎉 Congratulations! You Have Your Reports!

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