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I want to check my credit score because I’m planning to buy a home soon. But the process confuses me. Can I check it online, and if so how? What should I do if I find out that my score is low?” We recommend that you check your score at least three months before applying for a loan. You can get started below: Below, we have compiled one of the largest collections of credit advice you’ll find anywhere. If you want to learn more about the importance of good credit, you may peruse our library of helpful articles below. If you simply want to check your score to see where you stand, you can use the link provided above. Common questions: “Now that I know how to check my credit score, what do I actually do with it? How do I put the numbers into perspective? What do they mean? Am I in a good position to buy a house?” Here’s your answer: Your FICO credit score plays a major role in whether or not you can qualify for a mortgage loan. In fact, it’s one of the three most important factors during the qualification process. That’s why it’s so important to check a credit score early on in the home-buying process. just aren’t available anymore. Your FICO score also influences the interest rate you get from the lender. If you have a high score, you can get a lower rate on the loan, and thus a smaller monthly payment. This could save you many thousands of dollars over the life of the loan. Let’s say I check my credit score and find out that it’s in the upper 500s. By current lending standards, this is probably to low to qualify for a Home Loan. So I would want to focus on improving my score, as explained in the articles below. The sooner I started the improvement process, the better off I would be later on when I applied for a mortgage. But it all starts with me checking my credit score, to find out where I stand. FICO scores written about recently: | | | | | | Update: Check out our new-and-improved . The articles listed below will help you understand the world of credit, as it applies to the home buying process. It’s a good place to start if you know very little about this subject. Who are these companies that maintain financial data on U.S. consumers? How do they compile credit reports? My Credit Score has your answers: Did you know your credit report and score are two different things? Did you know a lender can pull three of them, one from each of the reporting bureaus? Did you know you are entitled by law to receive a free credit report once a year, from all three bureaus? In this section of the My Credit Score library, you can learn all about these things: The truth about free credit reports: | Things that show up on your reports: How to find and fix errors: | | Where does my credit score come from, and why is it so important when buying a home? If I find out that my score is low, what can I do to improve it? How long does that take? You’ll find answers to these questions and more in the list below. How it all works: | | | | | | Things that may affect a score: | | | | How to improve a score: | | | | | | We are frequently asked the question: “Is my credit score the only thing a lender cares about?” No. When you apply for a loan, the lender will also consider the amount of debt you are carrying (among other things). If you have too much debt in relation to your income, you might not qualify for a loan. Here are some more articles about this relationship between your credit score and your debt: We realize that some people learn better by watching and listening, rather than reading. So we have begun to add videos to the My Credit Score library. We hope you find these videos helpful. Additional Tips From Our “Captain Credit” Series In truth, I probably shouldn’t be revealing this secret tip. Once the word gets out, the blog will be flooded with visitors, and my email inbox will burst at the seams. Oh well. I’m going to let the cat out of the bag anyway. In 2009, it will be tougher to qualify for mortgage loans. This is a direct result of the economic crisis of 2008. So if you are one of the many Americans with a low credit score, you should work hard to improve it. In this lesson, we will look at three important steps in your quest to better financial health. I am truly baffled. Despite all of the news about our economic problems, credit crunch, tougher lending standards, foreclosures and the like … I still get questions every week from people wanting advice on how to buy a home with bad credit. My answer is, and will continue to be, don’t do it! It’s not the advice you want to hear, but it’s the advice you need to hear. These days, you need excellent credit in order to qualify for the best rates on a mortgage loan. In this article, I’ll explain the economic changes that brought this about and what it all means to home buyers. This is one of the most common questions among home buyers, and for good reason. As a home buyer, you know that mortgage lenders are going to analyze your credit score (among other things), so it’s wise for you to do the same. Everybody is shouting about free credit reports these days, and it’s enough to make your head spin. Thankfully, the Captain is here to help you make sense out of it all. Have you conducted some financial research and found that your credit score is relatively low, compared to the national average? If so, you’ll want to improve your score before applying for a mortgage loan. Captain Credit has some tips on how to go about it! Yes, there are actually several ways you can get your reports online for free. To help you understand your options, let’s take a quick look at where your credit reports come from in the first place. You probably already realize that a higher score will make the home buying process easier. It will also help you get a better interest rate on your mortgage loan. But what kind of score is needed for home buying purposes? This article examines the subject in detail. This is a topic that every home buyer should understand, because it is closely related to the mortgage application and approval process. Thus, it’s an important topic for home buying in general. Good credit has always been important for home buyers. But these days, in the wake of the subprime mortgage crisis and tougher regulations, it’s more important than ever to have a good credit score when buying a home. The article will help you get one! A reader wanted to know if a credit score of 656 was enough to get a loan and buy a house. It’s a good question, and it opens up a whole range of topics. In this article, I’ve done my best to answer this reader’s question in light of the current housing market and tougher lending standards. I think you’ll find it informative and worth reading. Yes, you can check your credit score online through various websites. We have provided a link at the top of this page for that very purpose. Before you start surfing the web with this goal in mind, you might want to read our on this subject. Some people end up purchasing things they didn’t really want or need (like credit-monitoring services), just to take advantage of a “free credit score” offer. By reading our comprehensive guide, you’ll be able to avoid this kind of mistake. for more information. This answers the question: How do I check my credit score online? If you have additional questions about this subject, you can peruse the collection of articles above. We have hundreds of articles on this subject, and you can find most of them through the links provided above.