You can get your Credit Score Free at a number of online free credit report and free credit score sites. Your credit score is checked by banks, credit card issuers, auto loan companies and insurers to figure out your creditworthiness – that is, how likely you are to pay your bills on time. A good credit score can save you thousands on interest payments and bank fees.

Your credit score is issued by each of the three credit bureaus – Experian, Equifax and TransUnion. In addition, lenders look at your FICO score in determining whether you are a good credit risk. More and more employers also check your credit score or credit report as a condition of employment.

The principal factors in determining your credit score are your bill-paying history (or whether you have paid your bills on time), your credit utilization ratio (that is, your credit balance as a percentage of your total available credit), the number of inquiries on your credit report and the types of credit on your credit report (for example, a credit report listing a mortgage, auto loan and credit card may earn a higher credit score than a credit report listing only credit cards).

Credit scores run from 349-849 with 723 being the national average. If your credit score is 720 or above, you are generally considered by lenders to be among the best of credit risks and are most likely to receive a better interest rate. A credit score lower than 700 will generally mean that you will pay more for credit.

You can obtain your Credit Score Free at creditscorefree.net and other online sites that you trust. Generally, the free credit score and free credit report offers come with a trial membership in a credit monitoring service which alerts you to check inquiries or unusual activity involving your credit report. Consumers canceling the credit monitoring service prior to the expiration of the risk-free trial membership pay nothing, and get the credit report and Credit Score Free.