There seems to be a lot of confusion among consumers about free score offers, and subscription services that offer you the ability to see your free score online.  Primarily, the confusion results from people misunderstanding the difference between the terms “free credit reports” and “free credit scores.”  In some cases, subscribers have opted to cancel ScoreSense accounts, thinking they can get free credit score information online without having to pay for it. Well, the truth is, they can’t, and here’s why:  Credit reports and credit scores are not the same thing. They are related, obviously, but credit reports can be viewed once a year for free by government mandate, while free score offers don’t exist at all, and are really just veiled attempts at fraud.

To help consumers fight identity theft, the federal government set up a program years ago that allows every consumer to get a free copy of their credit report from each of the three reporting agencies annually.  If it’s been a year since you last looked at your credit reports, you can request them for free at www.annualcreditreport.com, and you will get a copy of each report – from Experian, Equifax, and TransUnion.  But these are your credit reports, not scores.  The government never mandated that consumers be granted access to free score information, and as a result, if you want to see them, you must pay a fee to each of the credit reporting agencies to see them.   There is no such thing as free credit scores.   Any offer for you to get free credit score information is a scam.

Keep in mind also that your credit reports are only free to you once a year unless you can prove you’ve been the victim of attempted identity theft.  If you want to see your credit reports more frequently than once a year, you must pay for that privilege.  And again, free score reports are non-existent; credit reporting agencies don’t give those away on any frequency.

However, when you subscribe to a credit monitoring service like ScoreSense, you can access your credit reports and credit scores anytime you’d like, as often as you’d like.  Yes, you’re still paying to see your credit reports and credit scores, but you get unlimited access to them, and in addition, you’re also getting a variety of value-added services that can help you improve your credit worthiness and financial situation.  Services like: Fraud monitoring and fraud alert that will scour the Internet for signs of unauthorized usage of your information to obtain credit, and alert you when it occurs; ScoreCast, a program that helps you predict your future credit score based on changes you may want to make to your finances; and ScoreTracker, a program that graphs the past 12 months of your credit scores from each of the agencies, so you can see your progress; in addition to a host of other benefits.

Remember, “free score” and “free score online” offers are scams.  If you want to truly have access to your credit scores and reports on an unlimited basis, subscribe to ScoreSense.

If you would like to have unlimited access to your credit reports and credit scores subscribe to ScoreSense at www.scoresense.com

Posted by:ScoreSense

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