Mostpeople have no idea what their credit score is until they apply for a loan. At that point, you are under that numbers control. If your score isbelow 620, you probably will not be approved to buy a home. If your scoreis below 675, then a credit card is not probable. Anytime you wantsomething that you will need a loan for, your credit score will be pulled andthe bank will hold that as the foremost reason for approving or declining yourloan.
Thereare many ways that you can pull your credit on your own. You can requestyour report once a year from any one of the three reporting agencies:Transunion, Experian, and Equifax. You can also request a free reportfrom annualcreditreport.com. There are many places that will cost you andwill monitor your report and provide you with the report and score. Myfavorite place is called Credit Karma. This site is free, and offers your credit reportand credit score. It also gives you a report card, where youcan see how you rank in terms of score, credit utilization, on time payments,average time of credit accounts, total accounts, hard inquiries, and anynegative marks. It also gives you the ability to see what differentaffects things will do to your score. If you pay off a credit card, whatwill happen? If you miss a payment, how much will that affect my score? CreditKarma offers all this for free.
It is agood idea to check your report and score at least once a year to make sure thatnothing has negatively affected your score. CreditKarma.com is aconvenient and free way to do just that.