In yesterday’s article on checking your credit reports, I mentioned that it might be worth paying for your credit report to get your credit score. However, if you’re not too worried about an exact number and would like to have a general idea of your credit score, there is a way to calculate this for free.
Visit Bankrate’s FICO Score Estimator and answer ten questions, the calculator will then tell you what range your score falls in.
While you may have this information handy and could check your score at any time, I recommend ordering your free credit reports and once you receive them, enter the information into the calculator and write the score range on your report.
I found this calculator to be quite accurate. I have three different reports that I’ve paid for to get my credit score over the last five years. Two were from Equifax and one was from TransUnion. I answered the questions using the information in these reports and not only did the calculator get the range right, all three times the score on the reports came within 10 points of the middle of the calculated range for that report!