If you have a credit history of at least six months, you should be able to view your credit score online. This information can be accessed online by all three credit bureaus, as well third-party score providers. It is possible to not see your score or there may be a technical glitch. This is normal and will not result in you being penalized.
Here are some reasons why your credit score isn't showing up.
There are several reasons you may not be able to see your credit score. For starters, if you have recently paid off a loan, you may have received a hard inquiry on your report, which temporarily lowers your score. Your score can be affected by a loan being paid off, especially if you have a less credit history. This is important as 10% of credit scores are based on your accounts' age. Therefore, paying off a loan may lower your score.
You may not have enough credit information to show your credit score. You may not have accurate information about your credit score because some lenders won't report account activity all three credit bureaus. Additionally, your score does not reflect recent activity and your credit history might be outdated.
Technische problems
Lenders use credit scores to decide if a borrower is a suitable candidate for a loan. Sometimes, technical issues can block lenders from seeing the data. Equifax is a multinational consumer credit reporting company. The latest glitch affected over 1 million people. It resulted in increased interest rates and denied loan applications. The company has since rectified the mistake despite its impact.
This may not be ideal, but you should immediately contact your credit report company to find out what happened. There have been a number of data breaches in recent years that have resulted in compromised consumer information. Equifax exposed 150 million Americans' financial records in one instance. The company settled for $700 million, and affected consumers were given four years of free credit monitoring and up to $125 in cash. Money reached out to Equifax but they did not reply. They do recommend that consumers keep their credit reports updated.
Although Equifax has fixed the initial glitch, the company could still be in trouble with the Consumer Financial Protection Bureau. The bureau is now investigating the three largest credit-reporting firms. The glitch affected roughly 2.5 million consumers over three weeks. Mortgage lenders usually view scores from all three organizations.
Credit bureau error
You have the right of disputing your credit report if you feel it contains an error. You can do so by contacting the bureau in question and providing more information. The bureau might not be able to resolve your dispute in all cases and it may report the matter on your credit history. However, if you are not happy with the bureau's decision, you can dispute it again by providing additional information.
Most errors won't have an impact on your credit score. However, they may affect your ability later. To prevent further damage, it is a good idea to dispute errors in your credit reports. While this may take some time, it is easy and free. If your credit report contains inaccurate information, you should contact the bureau as soon as possible.
If the credit bureau is unable to fix the problem, you may contact the data supplier. This is the bank that provided the data. Your credit report should list the data furnisher. The data furnisher has 30 days to investigate your complaint. If they find the information incorrect, they must delete it from your file.