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.
Banks and other institutions use it to help make lending decisions as a snapshot of risk. Generally speaking, the higher your FICO score, the more likely it is that terms of a loan offer will be favorable to the borrower. The better you have managed your use of personal credit, the higher your FICO score will be.
MyFICO.com offers four services through which to receive updates of your FICO score:
Your Equifax credit report and your FICO score are monitored, on a daily and weekly basis, respectively, by Score Watch.
It notifies you when you reach your target score or when you qualify for a better interest rate, and alerts you when unexpected changes to your credit report cause your FICO score to drop. Score Watch provides two Equifax Score Power reports each year.
FICO Standard: Get your FICO scores from your choice of Equifax or TransUnion. Explanations of actions you can take to get your FICO score into the higher ranges and how the credit score affects how lenders look at you are included.
Suze Orman’s FICO Kit Platinum: The new and improved Platinum version represents the FICO kit taken to a whole new level by Suze. She makes it easier than ever before to save money and take control of your credit!
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: Key elements of your credit will be tracked by myFICO.com to show you how they differ from quarter to quarter. You can spot trends in your credit profile by tracking essential components of your credit such as “problem accounts” or the “total balances owed on your accounts.”
