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Knowing your credit score can help you prevent rejection when applying for credit. To understand why this numerical rating of your financial history matters, keep reading.

Knowing your credit score can help you in the following ways:

• It can give you a starting point at which you would either begin to build credit or you would begin to improve your credit.
• It can save you time, because you would have a better idea if you are even close to be eligible for any financing.
• Knowing and checking your credit report as well as your credit score can help pinpoint errors. (Note: you are entitled to the free report, but not a free numerical score calculation.)
• In the event you already have been rejected for a loan, you can better understand why. In some cases, it could be simply the result of a small clerical error that can be fixed.
• Knowing your credit score can also help you gauge what hurts your credit the most. This in conjunction with viewing your credit report can help you come up with a repayment plan.
• Knowing your numerical rating of your creditworthiness can also help you compare yourself with the national average. This is one more incentive to help you improve your situation if you need help.

Ordering your Score

Your credit score is a separate entity than your credit report. Therefore, unlike your credit report you are not entitled by law to obtain it for free per request of an agency. It may be given to you, however, as a promotional tool to get you to sign up for monitoring services.

Warnings

If you are in the process of requesting free monitoring services on your files, make sure you use a secure server. This is true as well when seeking a free credit report.