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?”...

A Journey to Financial Literacy and Education

Do you consider yourself to be financially literate?  What about your family members, such as children or siblings?  Do...

Welcome to Financial Literacy Month – April 2017

Back in March of 2004, a Senate resolution was passed designating April 2004 as Financial Literacy Month. According to...

Quiz: Test Your Financial Literacy!

As part of Financial Literacy Month, we are testing your financial knowledge! Are you confident about your finances? Take...

Ask FICO: Is It a Good Idea to Close a Credit Card?

Ask FICO is a new Q & A column where our credit scoring expert, Tom Quinn, answers common credit...
Personal Finance
3 Ways of Thinking That Could Increase Your Wealth
Personal Finance
A Journey to Financial Literacy and Education
Personal Finance
Welcome to Financial Literacy Month – April 2017
Credit Cards, FICO Scores & Credit Reports, Personal Finance
Quiz: Test Your Financial Literacy!
FICO Scores & Credit Reports
Ask FICO: Is It a Good Idea to Close a Credit Card?
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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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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.”

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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.

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Personal Finance

Welcome to Financial Literacy Month – April 2017

Back in March of 2004, a Senate resolution was passed designating April 2004 as Financial Literacy Month. According to FinancialEducatorsCouncil.org, every year the Senate votes on this resolution which states: “…that the President issue a proclamation calling on the federal government, States, localities, schools, nonprofit organizations, business, other entities and the people of the United States to observe the month with appropriate programs and activities.”

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Identity Theft

Top 7 Tips for Helping Protect Your Data Online

It is of prime importance that parents, children, businesses and everyone who uses digital technology understand how crucial it is to have a first line of defense against those who are trying to steal our data. That’s why we need to talk about data privacy and to understand the different ways that we can protect our online presence.

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FICO Scores & Credit Reports

The Traits of the 800 FICO® Credit Score Holder

When it comes to the FICO® Score 8, the most widely used credit score in the country, a score of 800 (or higher) signifies excellence.

In FICO terms, a score of 800 or above is “Exceptional” and way above the national average. Borrowers in this range will most likely not have a problem getting credit. Why? Based on history, only about one percent of 800+ credit score holders are likely to become delinquent. Low risk means easier lending.

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Popular posts

Ask FICO: Is It a Good Idea to Close a Credit Card?

Ask FICO is a new Q & A column where our credit scoring expert, Tom Quinn, answers common credit score and credit-related questions that you have. Post your questions...

What does the Costco transition from Amex to Citibank Visa mean to your FICO® Score?

I love shopping at Costco. In fact, I got an Amex Costco TrueEarnings Credit Card because I can use it to pay for purchases both in and outside of...