There are a number of credit score companies that can help consumers learn more about their credit health. Credit scores help lenders assess the risks associated with extending credit to a borrower and is a measure of an individual’s responsibility for managing debt. The five most popular credit score companies are Equifax, Transunion, Credit Sesame, Experian, and Credit Karma. Learn more about your credit score now:
5 Most Popular Credit Score Companies
The five most popular credit score companies are Equifax, Transunion, Credit Sesame, Experian, and Credit Karma. These popular credit score companies were determined based on industry statistics, data, and reviews and ratings of each service. The main factors affecting popularity include a number of those served, access, the frequency of monitoring, identity theft protection, and fraud protection. Some other factors in popularity are the ability to offer FICO (Fair Isaac Corporation) scores, credit reports from all three bureaus, and which credit score companies were used for mortgage scoring (which is, for many individuals, a milestone goal from achieving a high credit score).
1.Credit Karma
The number one popular credit score company, for free services and have innovative features such as credit simulators, is Credit Karma. Among the online credit score companies, Credit Karma has the most users, at 50 million members. The popularity of Credit Karma is no doubt in part to its free credit reports. However its advantages, Credit Karma can have many user problems that are hard to tackle with the current customer service force.
2. Experian
Experian is popular for offering both daily credit score reports and credit score tracking services.
The credit score company Experian also offers wallet protection, which is identity theft and fraud monitoring services.
3. Credit Sesame
Credit Sesame is popular for offering easy navigation for viewing credit history. One can easily see their current interest rates as well as their credit scores. Like all self-checking services, Credit Sesame performs a “soft pull” which does not affect the credit score. Credit Sesame partners with other companies to offer refinancing options, convenient for payment of higher-interest debt.
4. TransUnion
Among the credit score companies, TransUnion is popular for providing alerts on the changes that happen on three credit reports. This is excellent for those who want to monitor for identity theft and fraud. Like Experian and other credit score companies offering credit score tracking services, the monitoring notifications can usually be received by email, app, or text.
5. Equifax
Equifax is popular in offering the most detailed credit monitoring and identity theft protection compared with other credit score companies. Equifax has the capability to monitor all the three industry reports: FICO, TransUnion, and Equifax.
An individual often needs to use a credit score company service to perform a self-checking inquiry for a specific reason, such as mortgage scoring, or just to monitor for free. Mortgage scoring, or, the granting of a large loan in order to buy real estate, is often a primary goal of credit-checking at a cost. Below are the best credit score companies for free and for mortgage-scoring.
Most Popular Free Credit Score Checkers
- Credit Karma
- Credit Sesame
- Quizzle
Most Popular Credit Score Checkers for Mortgage Lending Scoring
- Equifax Beacon 5.0
- Experian/Fair Isaac Risk Model V2SM
- TransUnion FICO Risk Score, Classic 04