Do you know how much your credit score can save you? Don’t ignore this 3-digit-number, just as your score you earned at school which is a proof of your mastery of knowledge and kind of qualification to get into a good university then a job, this score reflects your credit worthiness, which tells lenders about the risk of lending you the money and help them decide the interest rate they charge you. A good credit score means a lower cost when you borrow money.

FreeCreditReport.com is a member of the Experian family, and it’s a reporting website belonging to ConsumerInfo.com, Inc. ConsumerInfo is a leading provider of online consumer credit reports, credit scores, credit monitoring, and other credit-related information. Its services have benefited as many as 3.1 million members and more than 20 million credit reports have been delivered on the web.

Why credit score?
1. It is a consistent and objective measure for lenders to assess the defraud risk of the applicant. Other than making subjective decision based on the applicant’s credit record, this score, appraised by a third party, is more objective as a measure of the applicant’s probability to repay the debt.
2. Apart from the fact that a high credit score results in lower cost of lending, it can be used to prevent identity theft. The idea is that, if a great discrepancy happens to your credit score within a pretty short period, an alert will be sent to you. If such a change is not caused by you, it would probably be caused by the identity theft. In this case, you can be aware of the theft in time, and take certain measures to prevent further losses.

What FreeCreditReport offers?
Now, you can have a 7-day free trial of the services provided by FreeCreditReport, which includes:
1. Monitoring of your 3 bureau-Experian, Equifax, and TransUnion credit reports;
2. Email alerts of suspicious changes and potential signs of identity theft to any of your 3 reports;
3. Get your credit report or score everyday as a paid member;
4. $50,000 Triple Advantage Guarantee which reimburse you the loss due to a identity theft.

One thing important to note is that after the 7-day trial, you have to choose either to subscribe to the service for a monthly fee of $14.95 so that you can have unlimited credit reports and credit scores, or cancel your membership to end the service. If you don’t want to subscribe to the service, be sure that you cancel your membership, otherwise, you will get the bill!