Checking your credit score can be important in managing your finances and securing favorable terms on loans or other financial services. While you can purchase a one-time report or subscription service to monitor it regularly, accessing the score is free. Due to laws such as the Fair Credit Reporting Act, the “big three” credit bureaus – Experian, Equifax, and TransUnion – provide one free copy of your credit report each year. Remember that your actual score may cost a nominal fee if you purchase it separately from the report. Utilizing this free service every year is a great way to ensure accuracy and stay updated on any changes to your information.
After your free credit score is checked each year, it is vital to monitor and track your credit score on an ongoing basis. To that end, there are numerous companies you can use to purchase access to your credit score for a fee. The cost of doing so varies greatly depending on the company you select; some companies offer individual packages for as low as $5 - $15 per month, while others provide more comprehensive services for up to $50-$100 or more monthly. It would help if you researched the options available before deciding, as some providers may include additional information or services that could be worth considering.