Many credit reporting network sites that indicate their services will not cost any money, might demand a closer look. Freecreditreport.com offers a score for $1.00 but it, also, states that you will begin a 7 day trial membership. If you don’t cancel this membership within 7 days, you will be billed for $14.95 each month that you continue this membership. You can cancel without charge…so, just beware of what you have purchased. FreeScoreOnline.com and Transunion.com have similar offerings. The credit score you may obtain from these sites are typically different from the score that a mortgage lender will have. Online scores usually are not FICO scores, which are the ones a lender will use to determine creditworthiness for a loan. The differences can be up to 200 points
So, if you are in the market to buy a home and want to check out true picture of your credit, call your lender and have them do a pre-qualification with credit. This will give you a truer picture of your buying power!
