WEEK 1: CREDIT KNOWLEDGE

New to the Live Richer Challenge: Credit Edition? Learn more about it HERE.

Need to catch up? Click on yesterday's task and then come back.


Day 4: Grab Free Credit Scores

Today’s Easy Financial Task: Get your free credit score

How to rock this task:

  1. Learn what a credit score is
  2. Learn how to pull your credit score(s) for FREE

“Another day, another dollar.” Or in this case, another day, another credit task.

Today’s task is all about discussing what a credit score is and how to get access to your credit score(s) for free.

What’s a credit score?

Don’t confuse your credit score with your credit report.

The data on each of your credit reports is analyzed to assign you a credit score that reflects your risk.

A high credit score means you’re a lower risk borrower who is likely to repay debt.

A low credit score means you’re a higher risk borrower that may not be able to repay debt.

Since you have three different credit reports from each major credit bureau, you also have three different credit scores. Depending on where you pull your credit score, you may be able to get credit scores that reflect data from one, two, or all three of the bureaus.

There are several credit score grading systems, including consumer education scores offered by Experian, TransUnion, and Equifax. The purpose of consumer education scores are to give us a general sense of where we stand.

These scores are not typically used by the financial industry to make credit decisions.

The FICO Score Model

The top tier credit score model that’s most often used by creditors to judge your creditworthiness is the FICO score model. This is the model we’ll go over in this Challenge since it’s the most widely used version.

FICO scores range from 300 to 850:

  • 751 - 850 - Excellent
  • 701 - 750 - Good
  • 641 - 700 - Fair
  • 581 - 641 - Poor
  • 300 - 580 - Very Poor

Usually, you have to pay for a FICO score, but you can get access to comparable credit scores like the VantageScore for FREE.

The VantageScore uses a similar system as the FICO score model to arrive at your score and is a valuable way to measure your score growth. We’ll talk about the factors that go into calculating your credit scores tomorrow.

Dream Catcher, you know I have a special place in my heart for you, so I found a place where you can get your VantageScore for free. Yes, FREE!

How to Grab Your Free Credit Score(s)

You can hop on over to SoFi to get your VANTAGE credit score for free.

You can also check with your bank or credit card company to see if free credit scores are offered to customers. For example, American Express, Bank of America, and Chase all offer free FICO scores if you have certain products.

Once you grab your credit score(s), take a moment to review them.

***Sidebar: Do you have a business? Did you know it has it's own credit score? Yup! Get your free business score, plus free tips for building business credit here: Nav.com/Budgetnista

If you’re shocked or worried about your score, don’t fret.

During this Challenge (starting next week), I’m going to give you tips to clean up your credit report and show you how you can increase your score by as much as 100 points in a year.

Leave a comment below or reach out to your accountability partner(s) if you have any questions. Don’t forget to check into the Dream Catchers: LIVE RICHER group as well.


Share what you’ve learned today with your social media friends and tag me @thebudgetnista


Live richer,

Tiffany


P.S. Don’t forget to get your free Live Richer Challenge: Credit Edition Starter Kit. Get it here.

P.P.S. Here’s a copy of the Challenge Calendar. It’s a fun way to keep track of your progress.

You can also reach out to me here:


My Lisa Rule: I have 4 sisters and Lisa is the baby (well she’s not a baby anymore). Of all of my sisters, I’m the most protective over her. Before I share any product or service with you, it must pass my Lisa Rule.

What’s the Lisa Rule? If I would not advise Lisa to use a product or service, I won’t advise you to either. YOU are my Lisa's. I feel protective over you and your financial journey.

The products and services I recommend pass my Lisa Rule. Yes, I may be an affiliate or partner and earn a commission off of referrals or income, but I would not recommend a product or service that I didn’t believe was helpful and useful.


Share the wealth!


  • My personal credit score is in the fair range. As an overachiever, my goal is to hit excellent score credit range.also, Looking forward to learning how to build my business credit!

    What are you all looking forward to?

  • My credit scores range falls in the GOOD category. However, I still have much work to do. My task are complete for today. I am still EXCITED and having FUN! Thanks Tiffany.

  • My score is horrible, was approaching good the last two years then lost my job now have to start all over. Thank you for any tips I worked really hard last time just so disappointed now.

    • Girl you will be fine. It’s okay. My score is horrible also. We will make our goals. Press on. Just a bump in the road.

    • @Josie, as Tiffany stated, “do not fret”. You are in a great place right now fixing and building your credit. Your review is just an eye opener as to what you have/ need to do. Speak positive change in you. You can and you will rock your score to where it needs to be. It’s GO HARD time! I’m your biggest cheerleader. 👏🏽👏🏽👏🏽👏🏽We are in this together! 💪🏽✨️💯 LET’S ROCK!

  • My credit score fails into the borderline between poor and fair. I’ve had a few job changes in the last into this year and had caused some major credit card debt rack up. Even though I paid on time the credit score wasn’t moving as fast but now I have a better job and able to pay more towards my credit balances. So I’m excited to see how this program will help boost my credit in this short time. Thank again Tiffany for your help and guidance with this credit challenge 😄

  • My credit score falls in the very poor range. This is sad to say due to not paying the few cards I have on time and not being cautious about money management. Now I have to pull myself up by the bootstraps and get back to business.

  • Well my credit score needs help! Trying to help others has caused high credit balances but nevertheless looking forward to how I can improve it during this challenge.

  • Ugh my score dropped a point in 24 hours! Bordering on fair/poor so every point counts when you’re scratching your way to excellent. Will keep pushing through this challenge because there is a ton of invaluable information I’ve already received just four days in.

  • I am happy to say my cred it is the good range. However, I need a plan to take these student loans off and save for retirement.

  • I was only able to see the TransUnion credit score but I was able to get some more scores from my credit card companies. What I didn’t realize is that even after an account was closed, it’s still counted as 1 of your accounts.

  • I was not surprised by my poor credit score.I have a lot of debt and I need help I’m ready and excited about this challenge. Thanks Tiffany

  • January 18th, 2024
    I got my credit score from Equifax & TransUnion, It’s in the fair category, I’ve got to get it better… Thank you Tiffany for all you are doing for us

  • I’m so glad we are doing this challenge. I was in the 650’s in November and one missed pymt has dropped me back to under 600. I have some work to do. I’m here for the long haul!

  • I got my credit report, my score is in the good to excellent range. I use the snowball method to pay down my debts it really works for me. Each time I pay off a debt I give myself a reward for my accomplishment (a pat on the back) 👍. I am looking forward in paying off my student loan.

  • I got my score and fall in the Excellent range. I did not know that Vantage is a different entity from the FICO. Hoping to learn how to quickly pay off credit card debt, use credit cards sparingly, and how to pay them off at the end of each month.

  • #Sorry Tiffany, Im having Technical issue with the Sofi link not able to get my score. Its verifying if I’m human, then to check the box but no box exist.

  • My personal credit score falls into GOOD but I am not sure about my business credit score. I definitely need to check on that and see what I can do to bring it up.

  • My credit score took a nosedive over the week by 52pt (ouch!).. ugh. Just bought a home though and all that it requires to bring it to par is hurting my score but I am determined.. and hopeful that it will get better by end of the year. Pray for me.

  • My score is in the “Good” stage. I will constantly keep working on paying my student loan debt and overpayment debt to ssdi. I am most proud of myself.

    We all got this! Consistency is key! Keep the faith and your head up and in the game! ✨️✨️👏🏽👏🏽👏🏽👏🏽💯💯💯 LET’S ROCK Y’ALL! 💣💨 the road may seem long and hard, yet it is worth all doing‼️

  • My credit score is in very poor range. I had a couple of Credit cards when I was younger, that I didn’t pay and that’s why it’s so affected. I need to take ownership of my decisions and lóok forward to complete the challenge, and see at least a 600 next January.

  • My score isn’t ideal but that’s why I’m here. It’s always good to know your starting point. I will not beat myself up about my starting point because this is where I’m beginning not where I’m finishing. Focused on the goal that I established on Day 1 – 700 credit!!

  • I did some homework a couple of years ago and got my score up to the good section for the first time. But then life happened, tragedy and after establishing credit, I missed payments. I went over the credit to debt ratio and now I’m poor. Ready to get it back. Aiming for excellent

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