Government Free Credit Score - Fact or Fiction?

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Government Free Credit Score - Fact or Fiction?
Possible you may have already heard about the new government mandate concerning citizens being able to obtain a free credit report.
But have you heard about a 'government free credit score? There are persons who think that the government actually facilitates free calculation of the credit score, but this is not the case.
What the government actually does is to provide interested persons with access to their free credit report, but not the actual credit score.
To obtain the credit score you will be required to shell out the bucks.
A credit score is important whether we like to acknowledge it or not.
A person's credit score does define the person and in the making of financial decisions, you are basically your score.
There is just no way around it, as this information is the most sought after information when applying for loans or applying for corporate or government jobs.
Your credit report is actually also rather crucial as it allows you to determine how you are doing financially.
The credit report does explain your current score, how it came to be and what caused it to be where it is.
You are able to see clearly the various factors which contributed to your score such as; credit card limits, payment history, debt, number of applications for credit and other related factors.
However, if you don't want to read through pages of information just to know your financials standing then the credit score will provide you with an immediate understanding of your financial status.
Not to worry, there are actually ways and means of getting a free credit score, though I use the word 'free' rather loosely.
There are sits which will offer a 'free trial' period within which you can access your credit report and score free of cost.
However, when this period is over you will be required to pay for further information.
Yes, generating credit scores and reports do cost money and someone has to 'foot the bill', some time or the other.
If you choose to go the route of the free trial, upon registering and supplying the relevant information, you will receive a detailed report along with you much awaited credit score.
You will also automatically have started a credit monitoring system; this system will be on the alert for the signs of identity theft and other financial risks.
Identity theft is always best handled if stopped before it has actually started, as persons who have been victims of such criminality will agree.
Being on the alert for tell-tale signs can easily allow you to stop a problem before it has begun.
So making use of these free reports and credit scores is a good way to protecting your financial well being by guarding it from fraudulent activities.
In order to see the total picture clearly, most persons opt to combine the government free credit report along with the free credit score which they are able to access through the trial period on many websites - as there is no such thing as a government free credit score.
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[SaintlyCitySue]

A credit score is not a fixed number, and varies between the three credit reporting bureaus and also over time. It is often not the same number as that used in lending decisions, such as mortgage lending, which relies upon the applicant's FICO score. The score obtained from any of the three bureaus is not your FICO score.

[SaintlyCitySue]

The government mandate requires all three credit reporting bureaus (Experian, Equifax and TransUnion) to provide the consumer, upon request, a free copy of the consumer's credit report once a year. All three can be ordered at the same time, or staggered every four months to keep closer tabs on one's credit.