The Credit Score Super Bowl: Denver vs. Charlotte

Super Bowl fever is taking over millions of football fans as Super Bowl Sunday quickly approaches.  As part of...

Your debt payoff plan & how it could impact your FICO Scores

There’s an endless supply of theories on how to manage your debt in a healthy, responsible way. Some believe...

Should I Transfer My Credit Card Balance to Another Credit Card?

If you’ve been stuck on the credit card debt treadmill for a while, struggling to make anything more than...

How to Avoid Paying Credit Card Interest

It’s no mystery that credit card companies charge interest on outstanding balances. And most credit card users are at...

5 Smart Credit Card Moves that Could Help Your Scores

We all know the consequences of using credit cards irresponsibly: crushing debt, late and missed payment fees, poor FICO®...
FICO Scores & Credit Reports
The Credit Score Super Bowl: Denver vs. Charlotte
FICO Scores & Credit Reports
Your debt payoff plan & how it could impact your FICO Scores
Credit Cards
Should I Transfer My Credit Card Balance to Another Credit Card?
Credit Cards
How to Avoid Paying Credit Card Interest
FICO Scores & Credit Reports
5 Smart Credit Card Moves that Could Help Your Scores
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FICO Scores & Credit Reports

Welcome to the myFICO Blog

We're your source of knowledge for all things credit (and a few other things too). Learn about your FICO Scores and credit reports, plus get expert credit card and loan tips, personal finance advice and more.

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Credit Cards

 

Recent posts

FICO Scores & Credit Reports, Financing & Loans

The scores that matter in auto lending

Thinking about getting a new car? Based on all the car company advertising, it would appear it’s a great time to be in the market to buy a new vehicle. All of the big car companies are promoting cash back incentives, 0% financing and other incentives to move that 2015 inventory off the lot.

However, have you also noticed the fine print in the advertisements pointing out that these more favorable financing terms are only available to qualified applicants? And, having a higher FICO® Score is often quoted as one of the key requirements.

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FICO Scores & Credit Reports, Financing & Loans

The scores that matter in mortgage lending

So you’re ready to take on a new mortgage and you’ve done your research. You have been educating yourself about credit scores, the credit process and how lenders evaluate credit for mortgage loan applications as you are getting ready to purchase a new home. And you know understanding your FICO® Scores is really important as they are the credit scores most commonly used in the mortgage loan review process.

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FICO Scores & Credit Reports

The perks of “exceptional” credit: 3 ways to capitalize on 800+ FICO® Scores

The latest FICO® Score data brought with it some encouraging news about consumers’ FICO® Scores and credit health: a growing number of U.S consumers—19.9%—have FICO Scores of 800 or higher. That’s nearly one in five people with FICO Scores in the “exceptional” credit range.

With news of more people boasting 800+ FICO Scores, we thought now’s the perfect time to detail a few specific perks of having high scores.

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FICO Scores & Credit Reports

How Credit Impacts Your Insurance

There are a lot of misconceptions out there about how credit scores are used and in what scenarios they are used. Employment? Nope. College admission? Nope. Insurance? Actually, yes.

When determining what rates to offer you, most auto insurance providers will pull an insurance score that is based on or considers a person’s credit history and credit scores.

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Personal Finance

5 Things you should really consider when paying off debt

It happens to the best of us and for so many different reasons: shopping addiction, unemployed, entrepreneur, medical issues, career advancement, college. Whatever your reason, you’re in debt and it’s stressful.

Paying off your debt doesn’t have to be a traumatic experience. With a little planning and organization, you can develop and stick to a reasonable, executable debt-management strategy. But before you start planning and making payments, make sure you understand these five key points.

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Credit Cards, Financing & Loans

How student loan debt and credit card debt affect your credit differently

If you’ve been juggling a monthly student loan payment with a credit card balance, you might have reasonably wondered at some point how exactly all that debt is affecting your credit. Debt obviously plays a significant role in your credit picture—how much of it you have and how you repay it are two major factors that affect your FICO® Scores, the credit scores used by 90% of top lenders. But how different types of loans and debt contribute to your scores isn’t readily apparent. Let’s clear up some of that confusion: Here are a couple important differences between how student loan debt and credit card debt can affect your credit.

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FICO Scores & Credit Reports

4 Big Credit Mistakes You Should Avoid at All Costs

When it comes to credit, some people prefer the ignorant bliss method: Don’t look at your credit, don’t worry about your credit, don’t even think about your credit. This method can actually be quite effective for several months or even years — that is until you’re thinking about buying a new home, leasing a new car, financing a new computer, or whatever else you’ve been dreaming up.

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Popular posts

3 Credit Mistakes to Avoid Before Applying for a Mortgage

How important is your credit when it comes to getting approved for a mortgage? More important now than it has been in the last fifteen years. This according to...

5 Smart Credit Card Moves that Could Help Your Scores

We all know the consequences of using credit cards irresponsibly: crushing debt, late and missed payment fees, poor FICO® Scores, bad breath (okay, maybe not one of those). Of...