Free Credit Score - No Credit Card Needed

If you wish to receive credit on good terms and better rates, you need to have a good credit score. For a good credit score, you need a good credit history. And again, to get a credit card, you need a good credit score, and so goes the viscous circle. This article deals with how to get a free credit score (no credit card needed). But before we move on to getting a free credit score with no credit card needed, let us have a look at what the essential terminology in this field pertains to.

What Exactly are Credit Scores?
Credit scores were the brainchild of the Fair Isaac Corporation (FICO), that developed a methodology to calculate them, in the year 1958. There are currently three credit bureaus that give out credit scores, namely Experian, Trans Union and Equifax. Credit scores lie between 300 and 850, and anything below 500 is not worthy of even considering for a loan, regardless the terms or the interest rate. The higher the credit score, the more creditworthy the borrower, and that is the most important use of credit scores. These credit scores are used to effectively judge the credit standing of an unknown individual. No matter who you are, you will only get cheap loans if you have a good credit score because there are no friends in the credit business. Know more on credit scores and what they mean.

The calculation of an individual's credit score is tedious business. Information about the individual is collected from all the possible databases and compiled to get his credit score. Accounts of his past payment delays, payment defaults, bankruptcies and even liens and judgments, collectively form the basis for the generation of the individual's credit scores. As credit cards are the stock house for information pertaining to an individual's credit standing, his credit usage habits and his payment methods and status, credit scores are very difficult to get without disclosing the individual's credit card details. Hence, it is rare to find a place to get free credit scores with no credit card needed. Before we move further, get your credit score ratings explained and you can also take a look at the credit score rating scale.

What Does Your Credit Score Range Say About You?
Holding a good credit score range puts you on a vantage point. Lenders are getting more and more cautious about lending money to anyone. They demand more knowledge on who the person is, what will he be using the money for and how good is his financial standing (will he be able to pay it back with interest). With so many parameters to research for every individual who applies for a loan, banks and financial institutions surely have their hands full. Credit scores give all such information to them, neatly packed in a particular range of credit scores. If you fall in the upper range of credit scores, you are a good, safe bet to finance with a loan. Credit scores save the lender the trouble of researching every individual and also make the borrower's life simple by giving them easier access to loans, without filling out long, informative forms explaining each detail about themselves. Moreover, credit scores lend the aspect of credibility to the individual's own credit statements, making him an even more worthy loan candidate. Know more about credit score ranges and what they mean and credit score scale.

What's the Relationship Between Credit Cards and Credit Scores?
Just like getting a free credit report (no credit card needed) is a difficult-to-find thing, so are free credit scores (no credit card needed). Now why is that so? You will never believe what information your credit card company has on you. They know what you owe to whom, how and when you're likely to repay, what time do you leave for work and even what time you will be available and where. Amazing stuff, right? Not really, you see, credit cards are essentially databases that contain your entire credit history, ranging from where are you most like to spend, on what and even with or for whom. They even know your habits and payment or credit mentality. It is no wonder then, that credit cards form effective credit monitoring tools for other credit agencies. So if you wish to generate a credit report or a credit score, all you need to do is tap into this database and compile all the information to get whatever you want. This is not as easy as it sounds, and hence, it is very rare to come across a free credit report (no credit card needed) advertisement. The next paragraph though, will offer the solution, a site where you can get absolutely free credit scores without giving out any credit card details.

Get a Free Credit Score (No Credit Card Needed)
You can get yourself an absolutely free credit score from the website named Credit Karma. It retrieves your credit report from one of the three credit bureaus (Equifax, Trans Union and Experian) without asking you for a credit card number. It does not ask for a service payment and offers completely free credit scores, no strings attached. This free service is supported by on page advertising.

I hope you'd have found what you came looking for, a site that gives out free credit reports without asking for credit card details. There are sites that give free credit reports (no credit card needed), so make sure you use the facility well. Always try to improve your credit scores and always aim to be a low credit risk.