Check Your Credit Score Before You Apply for a Loan

Why should you check your credit score? Your credit score is one of the factors that lenders use to determine whether or not to extend credit and the rates they’ll charge you for borrowing. A high credit score often translates to lower interest rates when you borrow. If you’re thinking about applying for a loan, your credit score can help you evaluate your full financial picture. By finding out your credit score, you can research the rates available to you and use that information to negotiate with lenders.

How can you find out your credit score?

While you can get a credit report for free, you’ll need to pay to find out your credit score. Keep in mind that each credit bureau offers its own version of your credit score.

Experian® offers a range of products that offer credit scores in addition to credit reports and daily monitoring. Learn how you can get a FREE copy of your Experian® credit report and credit score with Triple Advantage.

• Your credit score is based on information on your credit report.
• Check to make sure that your credit report does not contain any errors. Inaccuracies in a credit report can impact on your credit score.
• If you find errors in your credit report, you can contact the credit reporting company and dispute the inaccuracies.