Your Credit Score: Which Credit Score Should Your Get

If you are like many people today, you may be in the process of rehabilitating your debt and financial situation. As part of this process, you likely are interested in repairing your credit history. Therefore, you likely are trying to decide from which of the credit reporting agencies you should obtain a credit report in order to further process of credit repair. You may be wondering from which agency you should obtain your credit score.

Through this article, you will be provided with some pointers to aid you in making a decision in regard to the manner in which you should go about obtaining your credit score.

An Overview of the Three Major Credit Reporting Agencies

Equifax, Experian, and TransUnion are the big three of credit bureaus in operation today. These credit reporting agencies provide the vast majority of credit reports to lenders and others who are reviewing a consumer’s credit history.

It was these three major credit reporting agencies that encouraged the development of the scoring system, which has become known as the FICO score, in the 1980s. The FICO credit score was developed by a company known as Fair Issac and Company.

Your Right to a Copy of Your Credit Report

Several years ago, the Congress of the United States enacted legislation that was signed into law by the President which permitted a consumer the ability to obtain a free copy of his or her credit report from each of the three major credit reporting agencies on an annual basis. In other words, you have an absolute right to obtain your credit report -- and your credit score -- from each of the big three credit reporting agencies once a year for no charge whatsoever.

A Credit Score Strategy for You

When it comes to developing a credit score strategy for you, when it comes to making a decision from where you should obtain your credit score, the actual answer is from all three credit reporting agencies, all three major credit reporting agencies now in operation today.

The best strategy is to stagger your requests for your credit report and credit score from each of these credit reporting agencies throughout the course of the year. Therefore, you will be able to monitor your credit history and credit score as part of your overall financial management plan throughout the year -- at no charge.

Take Care of Your Credit

You need to take your credit usage very seriously. You need to make every effort to deal with your loan and credit obligations in a responsible and appropriate manner. Over the life of the loan, that’s an enormous amount of money spent on interest -- take care of your credit and it will take care of you.

By following the credit score strategy outlined in this article, you will be on the way towards a more solid credit history, a more stable financial life and a bright economic future for you and your family.