Free Triple Credit Score

What is a Free Triple Credit Score?

The Free Triple Credit Score, also known as the Free Triple Score, Triple Credit Score, 3 Bureau Credit Score or 3-in-1 Credit Score, is the composite Credit Score issued by all 3 credit score reporting agencies -- Equifax, Experian, and TransUnion. Knowing all three credit scores provides the most useful, accurate and complete picture of your financial health, and can save you thousands of dollars in credit payments and fees.

When you order a Free Credit Score from TV or a Free Online Credit Score from an online credit score company, you're not always getting all 3 Credit Scores. With most credit score and report services, the free instant credit score you receive when you check your score is the credit history issued by only one of the three national credit reporting agencies.

Here's the problem. A single credit report score will not give you the most accurate picture of your credit profile. This is because the three Credit Reporting Bureaus may use different information in compiling your credit profile and issuing your credit scores.

For example, let's say you want to refinance your home mortgage. You check your credit score report with Experian, which accurately shows that you paid off an old mortgage. However, the Credit Bureau Score calculated by TransUnion and Equifax might show the debt as still outstanding. If your potential lender runs a credit check with TransUnion or Equifax, it would look as if you already have two mortgages! So, your report would likely show a low credit score and your application would be denied.

Unfortunately, you do not know which credit reporting agency will be used by your lender to check your credit information. Therefore, you need to check all 3 Credit Scores when your order your free credit score. These offers usually come with a trial offer for 3 Bureau Credit Monitoring - which alerts you to changes and unusual activity involving your credit file.

Before you order your online credit score, you should make sure that you are getting a Triple Credit Score. The Free Triple Credit Score provides your credit rating from all three credit reporting agencies, so that you can fix credit score errors, improve your credit score and understand your credit before you are denied a credit card, mortgage or loan.

Many consumers are pleased with the Free Triple Credit Score provided by FreeScore360, which includes all 3 Credit Reports and Scores issued by Experian, TransUnion and Equifax. Here is a link to their site:

View Your Credit Scores From TransUnion, Equifax And Experian In Seconds!

Triple Credit Score

Your Credit Scores. Understanding Credit Scores and the factors that go into determining your credit report score is the first step to securing your financial health. A poor credit score will cost you thousands of dollars in borrowing fees and expenses, and will cause you to get turned down for a credit card or loan. Your credit rating may even cost you a job, as many employers check your credit report as a condition of employment.

The credit score is determined by a number of factors which assess how you are as a credit risk. The primary factor in the scoring algorithm is your bill-paying history. Even a couple of late payments will negatively affect your credit score report.

Next, the credit scoring companies look at your credit utilization ratio, or your outstanding debt as a percentage of all credit available to you. Many personal financial experts recommend that you keep open old credit cards (assuming they don’t charge an annual service fee), so that you can keep those credit lines available and boost your overall borrowing power.

The credit report bureaus will also look at the number of “hard inquiries” on your credit report. The idea is that many credit applications over a short period of time may indicate some pressing need for money, rendering the consumer, at least in the eyes of the agencies, a greater lending risk. It should be noted that only “hard inquiries” count negatively against your credit score. “Soft inquiries” such as checking your credit report or score online, have no effect on your credit score.

Another factor used to rate your credit score includes the length of your credit history. Under this particular metric, you are rewarded for getting a credit card at an early age (assuming you have paid the bills on time). Many financial advisers recommend that you help your child obtain a charge card while in college, so he or she can get a head start on establishing a credit track record. Of course, the parent must determine that the child is sufficiently responsible to have a credit card.

Other factors that go into the calculation of your credit score include whether you have ever filed for bankruptcy or a foreclosure (bankruptcy has a devastating effect on your credit rating) and the variety of credit sources in your credit profile (a mix of credit cards, a car loan and a mortgage, is better than having only one type of credit).

Credit Scores are issued by the three credit reporting bureaus — Experian, Equifax and TransUnion. When you submit a loan application or apply for a credit card, the potential lender will request your credit profile from one of these three credit score agencies. Unfortunately, the credit report information used by one credit reporting agency in determining your credit score may not be reflected in the information used by the others. For example, you may have refinanced a mortgage or paid off a credit card balance. Your TransUnion and Equifax reports may correctly show the old mortgage as paid off and the credit card as up-to-date, while the Experian report may show the debts as still outstanding. The result will be that the Experian credit score in this example will be substantially lower than the other two scores. If the potential lender in this case happens to order your credit score report from Experian, you may be rejected or have to pay more for the loan.

So, it is important that when you review your credit score or report, you make sure that you are looking at your credit information issued by all three credit reporting bureaus. The triple credit score, also known as the 3-in-1 credit score or 3-bureau credit score, shows you your Credit Scores and report information as issued by all three credit reporting companies.

Many consumers are pleased with the Free Triple Credit Score provided by FreeScore360, which includes all three credit scores issued by Experian, TransUnion and Equifax. Here is a link to their site:

View Your Credit Scores From TransUnion, Equifax And Experian In Seconds!

Triple Credit Score
Credit Scores

Ensure that you will have access to the best credit terms by staying on top of your Credit Scores.