When Do Credit Card Issuers Close down Inactive Accounts?

Although not everyone has a credit card, an overwhelming amount of Americans do. They use credit cards as a...

Did you know you have more than one FICO® Score?

Your FICO® Score versions and what they mean to you. FICO® Score 8 is the score you’re probably accustomed...

Could an Upcoming Data Purge Increase Your FICO® Scores?

You may have seen recent stories about how the credit reporting agencies (Equifax, Experian, and TransUnion) are scheduled to...

Financial Attitude and Financial Literacy

How to Change Both for the Better Through experience, most of us have learned that attitude plays a big...

Ask FICO: Soft and Hard Inquiries, What's the Difference?

Ask FICO is a Q & A column where our credit scoring expert, Tom Quinn, answers common credit score...
Credit Cards, FICO Scores & Credit Reports
When Do Credit Card Issuers Close down Inactive Accounts?
FICO Scores & Credit Reports
Did you know you have more than one FICO® Score?
FICO Scores & Credit Reports
Could an Upcoming Data Purge Increase Your FICO® Scores?
Personal Finance
Financial Attitude and Financial Literacy
FICO Scores & Credit Reports
Ask FICO: Soft and Hard Inquiries, What's the Difference?
fico score category

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.

Credit card category

Credit Cards

 

Recent posts

FICO Scores & Credit Reports, Personal Finance

Is Your Credit History Related to Your Age?

When is the best time to start establishing a healthy credit history?

Although your length of credit history accounts for 15% of a FICO® Score, your payment history accounts for 35% of that score. That means even if you might have had credit for a long time, it doesn’t help you if it’s not a good credit history, which is why credit monitoring and awareness are crucial from the first day you begin to build your credit.

Continue reading

Personal Finance

Financial Attitude and Financial Literacy

How to Change Both for the Better

Through experience, most of us have learned that attitude plays a big part in the success (or failure) of reaching any goal. For instance, if we want to learn to play the piano but are never in the mood to practice, we probably won’t be playing a concert at Carnegie Hall anytime soon. The same holds true when it comes to Financial Literacy – if you want to learn more about how to manage your finances and make better financial decisions, your financial attitude is a major factor.

Continue reading

Personal Finance

Passing Financial Literacy onto Children

Teaching children how to manage money starts at home.

According to Wikipedia, Financial Literacy is defined as follows: “the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.”

Continue reading

Personal Finance

3 Ways of Thinking That Could Increase Your Wealth

When money is tight and worries set in our mindset changes. We start to think in the “why did I?” and “what if?” frame of mind, which not only adds negativity to the situation but also doesn’t help us escape from it. There’s no doubt that making mistakes can teach us lessons. However, if we dwell on the past and worry about the future, we’re not focusing on the present which is where we need to be in order to make positive change.

Continue reading

Popular posts

Did you know you have more than one FICO® Score?

Your FICO® Score versions and what they mean to you. FICO® Score 8 is the score you’re probably accustomed to seeing because it’s the most widely used FICO Score version...

How To Ask For a Credit Limit Increase, And Make Sure You Get It

Ever since the financial crisis, credit issuers have become increasingly judicious about giving you a credit limit increase. It wasn’t unheard of to be granted an astronomical increase to...