How to Get Your Credit Score

Regularly monitoring your credit score and credit report is crucial to detect any inaccuracies or fraudulent activities that could harm your credit.

Your credit score is a numerical rating that reflects your likelihood of paying off your debts on time. The FICO score, ranging from 300 to 850, is the most widely used credit score. To maintain a high credit score, it's crucial to have good credit habits.

Your credit score plays a significant role in shaping your financial future. Learn tips to help ensure that you have access to your credit score.

How to Get Your Credit Score:

1. MaxMoney Checking
   If you’re a member of Jefferson Bank, you can get free credit score access with our MaxMoney Checking Account. Contact us or stop by a branch location to learn more.
2. Monitoring Services
   Credit card monitoring services offered by certain companies may provide your score if you enroll in their paid monitoring service. However, it's important to note that the credit monitoring service may come with a fee, which may not be immediately apparent. When offered a free credit score, make sure to check the terms and conditions to determine if there are any charges for credit monitoring.
   Companies that offer these services include:
   • Credit Karma
   • Credit Sesame
   • My FICO
3. Credit Bureaus
   Unlike your free annual credit report, obtaining your credit score typically involves a fee. However, you can purchase it from any of the three major credit bureaus:
   • TransUnion
   • Experian
   • Equifax
   Before spending money to access your credit score, consider whether you genuinely need it. Since your credit score is based on your credit history, having a good credit history typically translates into a high credit score.
4. Credit Card Companies
   Some credit card companies provide complimentary credit scores to their cardholders, which can be accessed online or included on monthly statements. Check with your credit card issuer to determine if they offer this service.

Credit Score Uses:

Maintaining a high credit score offers many advantages. It can simplify the process of obtaining loans, credit cards, and rental properties, while also reducing your insurance rate.

1. Getting a Job
   In some cases, employers may check your credit score as part of the application process. This is more common for jobs that involve financial responsibilities, such as working in accounting or finance.
2. Loans and Credit Cards
   When submitting applications for loans and credit cards, lenders and credit card issuers evaluate your credit score to assess your eligibility for approval. The greater your score, the higher your chances of securing approval.
3. Renting property
   Many landlords and property management firms verify your credit score prior to leasing to you. A favorable credit score can enhance your chances of getting approved and may help reduce your security deposit.
4. Insurance
   Certain insurance providers may factor in your credit score to determine your insurance rates. A better credit score could potentially lower your insurance premiums.