With the age of the Internet and credit becoming more of an every day occurrence, more and more people are becoming interested in their own personal credit score.
This information can easily be found out, usually for a small charge by contacting a local credit bureau or agency that operates in the borrower’s country where the credit was given.
Three main credit agencies for the western world include Experian, Trans Union and Equifax. Credit rating type, scale of rating and the algorithm used to create a persons credit score may vary between region.
A credit score can be instantly granted by registering on one of the above (or relevant equivalent) agencies websites. If details cannot be provided instantly over the Internet then the company may send a copy of your report by postal mail.
The credit report will show an overall rating for the individual as well as broken down separate entries for existing credit information as well as credit that has been applied for, whether a successful application or not.
In addition there are many websites (though often with ‘estimate’ credit ratings) that give a rough prediction of someone’s credit rating based on a series of questions. One example can be found at msn.com here (please note that this uses US credit rating criteria):
http://articles.moneycentral.msn.com/Banking/your-credit-score.aspx
Related posts: