It takes just one minute to sign up for FICO®’s free credit score service. Your credit score will not be adversely affected by the checks. And by monitoring and boosting your score, you could potentially save yourself hundreds or even thousands of dollars in interest.
The new service was announced by FICO on Tuesday in honor of Financial Literacy Month.
How to sign up for free credit score
Signing up is easy. visit myFICO.com/free (opens in new tab) Enter your information to see and monitor your FICO score for free. You are given a credit score between 300 and 850, with higher scores being better. Scores are based on data drawn from. Equifaxone of three credit bureaus that monitor your payments and credit history.
apply Kiplinger Personal Finance
Become a smarter, more informed investor.
Save up to 74%
Two Other Ways to Get a Free FICO Score
credit bureau Experian and trans union It also calculates a FICO score that lenders may use to consider your creditworthiness. All three credit bureaus calculate their FICO scores slightly differently, so it’s unlikely that your score will vary significantly.
Because of this, most people don’t need to know the FICO scores of all three providers, but if you’re interested, there are ways to find the other two for free.
- Many financial institutions, such as Bank of America, have partnered with TransUnion to provide FICO scores to their customers free of charge.
- You can also check your FICO score through our partnership with FICO and Experian. To get your FICO score from Experian for free, visit https://www.experian.com/consumer-products/credit-score.html. (opens in new tab)
What is a Good Credit Score?
After reviewing your FICO score, you need to understand if you are eligible for: good credit scoreA FICO score above 670 is considered good, but if you can get your score up to 740, you’re in the ‘very good’ tier, with higher credit card and mortgage interest rates. “Excellent” credits are set between 800 and 850.
Why bother checking your credit score?
You may already know how important your FICO score is. Especially if you want to get one of the better rewards credit cards available to people with good credit. But did you know that your FICO score can affect everything from car insurance rates to mortgages? It’s worth taking some time to check your score.
If you’re not happy, make sure you understand how to repair your credit. Pay your bills on time, pay off your credit card balance each month, mix credit types appropriately, and maintain credit amounts. If you used less than his 30% of your available credits. Check your FICO score monthly and you should see a gradual improvement.