It’s relatively easy to get your credit scores and check your financial health. There are different sources that provide the credit score and these can be obtained through email, over the telephone or posted through US mail. However, unlike credit reports, you do not get credit scores for free (except when you have applied for credit and the lender provides you the score that they have in turn obtained).
Month: April 2011
If your credit score is anything below 620, it is considered bad enough and you will find it tough to get credit approvals from lenders. And the terms at which you get credit will be worse than what you would get with a good credit score… this means higher interest rate, lower loan amount sanctioned, other payment terms, collateral requirements etc.