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Fico/Credit Score


What is a FICO Score?

Your FICO score (developed by the Fair Isaac Corporation) determines what interest you pay on credit cards, student loans and mortgages. It may also determine if a landlord will rent, if you can get a cell phone or if you get that job you just apply for. The FICO score was designed to give lenders a fast accurate prediction of the risk involve in giving the potential borrower a loan but the way it is used today may impact every aspect of your life. Scores range from 300 to 900 with the vast majority of people falling between 600 and 700. The higher the score, the better. A very good FICO score usually falls in the mid-700s. Get your FICO score at www.myfico.com

Credit Karma Their goal is to help you understand your credit and get more out of it. Along with providing free credit scores, reports and monitoring, they offer insight into what it all means and show you product recommendations, like credit cards and loans, based on your credit profile.