Paycheck Chronicles

Wanting to Check Your Credit Score? Heads Up on This...

Under normal circumstances, I don't advocate paying good money to be told about my credit score.  However, an unprecedented decision by one of the big three credit bureaus has me reconsidering my position.  Experian, one of the three largest credit reporting bureaus, has announced that it will no longer allow consumers to access their credit score, effective February 14th.  You will still be able to see your credit report and associated information, you just won't be able to see your FICO score.

With three credit reporting agencies, and so much variable information, I usually only check my credit reports (by not score) once a year.  This allows me to make sure that all the information is accurate without any cost.   Because I haven't had a recent need for credit, my credit score hasn't been very important to me.  But this whole "no access" situation has me wondering:  should I check my score with Experian?  Does it matter?

Honestly, I don't really know.  If you are planning to make a major purchase, such as buying a house or car, within the next couple of months, then maybe you should check.  Otherwise, is it really worth it?

What do you think?

For more information, check out this article at The Digerati Life:  myFICO To Drop Experian Credit Score and Report: One Less FICO Score?

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