MyFICO.com is the place to go on the Internet when you need to find out your credit score.
Trusted for its personal finance and business forecast information, Kiplinger.com named myFICO.com as the best place on the Internet to go to get your credit score.
“A crystal ball isn’t necessary to find this magic number,” Kiplinger.com wrote. “It costs $15.95 to get your FICO score from Fair Isaac, the company that compiles the most widely used credit score. The site includes advice on boosting your score.”
FICO is a publicly-traded corporation (under the symbol “FIC”) that invented the best-known and most widely used credit score model in the United States. Primarily used in credit decisions made by banks and other providers of secured and unsecured credit, the FICO score is calculated statistically, with information from a consumer’s credit files.
It provides a snapshot of risk that banks and other institutions use to help make lending decisions. It is more likely it is that terms of a loan offer will be favorable to the borrower, the higher your FICO score, generally speaking. The higher your FICO score, the better you have managed your use of personal credit.
Four services through which to receive updates of your FICO score are available through myFICO.com:
Score Watch monitors your credit report at Equifax on a daily basis and your FICO score on a weekly basis.
It alerts you when unexpected changes to your credit report cause your FICO score to drop, and notifies you when you reach your target score or when you qualify for a better interest rate. Score Watch provides two Equifax Score Power reports each year.
FICO Standard: Get your FICO scores from your choice of TransUnion or Equifax. Each comes with a full explanation of the credit score and how lenders view you, and also includes actions you can take to get your FICO score into the higher ranges.
Suze Orman’s FICO Kit Platinum: The new and improved Platinum version represents the FICO kit taken to a whole new level by Suze. Saving your money and taking control of your credit are easier than ever, thanks to Suze!
Three personalized credit reports and 3 FICO scores, plus many new features, still come standard with the Suze Orman FICO Kit Platinum Version.
FICO Quarterly Monitoring: myFICO.com will continually track key elements of your credit and show you how they differ from quarter to quarter. Tracking essential components of your credit such as “problem accounts” or the “total balances owed on your accounts” can help you spot the trends in your credit profile which may be affecting your FICO score.
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