Credit Scores 101: What’s a Good Credit Score Range?

So you’ve done your research and found out your exact credit scores. Now what? What does that number actually...

The 5 factors that determine a FICO® Score

Many people of “creditworthy” age know what a FICO® score is. For those who aren’t sure or need a...

How difficult is it to improve your credit score? It might be easier than you think.

Yes, it’s true – improving your credit score might be easier than you think. That’s not saying it will...

Annuities: Basic Training for a Complex Product

  Determining whether or not you should purchase an annuity can be a very frustrating process. Most annuities are...

Paying down debt vs. investing and saving. What's the right choice?

Everyone’s financial situation is different, so the money decision(s) you make must be based on your current financial condition...
FICO Scores & Credit Reports
Credit Scores 101: What’s a Good Credit Score Range?
FICO Scores & Credit Reports
The 5 factors that determine a FICO® Score
FICO Scores & Credit Reports, Personal Finance
How difficult is it to improve your credit score? It might be easier than you think.
Personal Finance
Annuities: Basic Training for a Complex Product
Financing & Loans, Personal Finance
Paying down debt vs. investing and saving. What's the right choice?
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

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Recent posts

Personal Finance

College savings – Facts and tips for parentsFeatured

You know the saying, “The early bird catches the worm”. Well, when it comes to saving for college, the same idea holds true, but it’s more like, “The early bird catches financial peace of mind”.

It may seem as though your child’s college years are light years away, but time goes quickly and the last thing you want is to be caught financially unprepared for your child’s education. (Okay, it might not be the last thing you want, but it’s probably close.) So how do we stop that from happening? Read on…

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Personal Finance

When the wedding is over: Merging money after marriage

When you search online for “list of marriage conflicts”, there is always one particular cause of conflict that appears in the Top 5: Money.

There are a number of complex psychological reasons why money causes stress and strife within a marriage. Perhaps one spouse has a fear of not having security; there’s a lack of trust within the relationship; there’s a fear that one spouse doesn’t have respect for the other’s monetary values… and the list goes on.

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Personal Finance

How to cut monthly expenses to make a major impact on your budget – not your life

For those of us trying to save money, cutting expenses can often feel like an overwhelming task. We sometimes think we need to get rid of something “big” in order to get spending down to a manageable number. The problem with that approach is that typically the “bigger” the item we lose, the larger the impact on our life. The trick is to make enough “smaller” cuts so that the changes are imperceptible – well, at least almost imperceptible.

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Personal Finance

Mutual funds vs. stocks: Which option is right for you?

Mutual funds… stocks… ETFs… bonds…CDs… TIPs… and that’s just the beginning of the list of potential investment vehicles. Unfortunately for many of us, when there are too many choices, confusion sets in and that leads to inaction. Not because we don’t want to take action, but because we don’t know what action to take.

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Financing & Loans, Uncategorized

Is a mortgage refinance right for you?

You’ve probably heard it a hundred times: “Mortgage rates are so low right now you have to refinance!”. But is it true? Does refinancing make sense for you?

Everyone’s circumstances are different. Loan balances, interest rates, remaining months on the loan – they all vary depending on each individual situation. However, there is one thing that is, and always will be, the same for everyone: math. And it’s only after you “do the math” that you should make the decision whether or not to refinance.

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Financing & Loans

Take the stress of auto loans by doing your research & making a plan

Buying a new car can be a stressful endeavor. There are a lot of options to consider and expenses to weigh. You might be wondering

  • New or used?
  • Economy or luxury?
  • Electric, hybrid or gas guzzler?
  • Model, color, moon roof … and dozens of other features you have to think through

But you have done your research, persevered and have narrowed down your preferred option. The work is done and you have visions of driving off the car lot. Not so fast.

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Credit Cards

The dos, don’ts and what-ifs when choosing a credit card

Ahhhhh… the sweet smell of plastic. Especially when it’s a brand new credit card that’s about to give you the freedom to buy what you want, when you want.

But be careful!  Before choosing a credit card, make sure it will be working for you, not against you. Here are some DOs, DON’Ts and other things to consider when getting ready to make that decision.

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FICO Scores & Credit Reports

Here’s The Surprising Reason You Should Work On Your Credit

I write a lot about credit. I’ve built my entire career around it, and I’m passionate about helping people create healthy credit.

Is it because I love great credit scores and low credit card balances? Not really. Those are important to have and they’re the ideal goal when working on your credit, but they’re not the REAL reason I do this.

Instead, I’m so focused on credit for one surprising reason…

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Popular posts

Should you refinance your auto loan? That's a good question.

Everyone is talking about using the current low interest rates to refinance mortgages. What about auto loans? Why shouldn’t people consider using these same low rates to refinance their...

When the wedding is over: Merging money after marriage

When you search online for “list of marriage conflicts”, there is always one particular cause of conflict that appears in the Top 5: Money. There are a number of...