What is a Credit Rating?
A credit rating is a measure of a consumer's credit worthiness. Consumer credit ratings are generally calculated from their credit reports managed by the three credit reporting agencies: TransUnion, Equifax, and Experian. The most common credit rating metric is the credit score and the two terms can often be used interchangeably when discussing consumer credit. While credit scores can vary from each bureau, most credit rating scores are based on a scale between 300 and 850, with higher scores meaning less credit risk.
In addition to the traditional banking industry, credit ratings can also be used by other industries such as wireless phones and mobile services, employers, insurance companies, and government agencies. Because credit ratings can impact so many aspects of an individual's life, having a good credit score is paramount to getting the best rates on loans, insurance, and other services.
For all of those reasons, Credit Karma is committed to providing consumers with completely free access to their credit rating at any time with no hidden fee or obligations. Get your free credit rating now.
Credit Karma™ Believes All Consumers Should Have Access to Credit Ratings for Free
A credit score and report, the components of your credit rating, are some of the most important components of a consumer's financial profile. At Credit Karma™, we believe free access to one's credit rating is a fundamental consumer right. That is why our site allows consumers to access their credit score anytime.
In addition to free credit scores, Credit Karma™ has a wealth of tools and content to help consumers better understand how credit scores and credit reports work.
- Learn How Credit Scores & Credit Ratings Work
- Helpful Credit Score Advice and Tools
- No Hidden Fees & Always Free!
