7 Tax Deductions You Don't Want to Miss out On

Tax Day. For some of us it might be an “ugh!” For others a “yay!” It all depends on...

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...

Seeking Financial Help? Consider these 5 Steps before making a decision.

Managing one’s finances can be a challenging undertaking for some people.  Lack of time, not being comfortable with money...

Ask FICO: No FICO® Score? What should I do?

Ask FICO is a new Q & A column where our credit scoring expert, Tom Quinn answers common credit...

Will FICO® Scores Determine the Super Bowl?

Super Bowl fever is starting to build as Super Bowl Sunday approaches.  As part of the lead-up to the...
Credit News & Current Events, Personal Finance
7 Tax Deductions You Don't Want to Miss out On
FICO Scores & Credit Reports
The Traits of the 800 FICO® Credit Score Holder
Personal Finance
Seeking Financial Help? Consider these 5 Steps before making a decision.
FICO Scores & Credit Reports
Ask FICO: No FICO® Score? What should I do?
Credit News & Current Events
Will FICO® Scores Determine the Super Bowl?
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

Identity Theft

Why your phone number is valuable to hackers

Last time we met, I explained why your email account is valuable to hackers—what value it has and how it could be used to gain access to more of your coveted personally identifiable information (PII) than you might think. But it’s not just your email that hackers want; they want your phone number, too.

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Financing & Loans

Home Equity Line of Credit (HELOC): Facts to Know.

The first thing to know about a HELOC is that it’s not the same as a Home Equity Loan. This is important because many people confuse the two and, in certain aspects, they’re at opposite ends of the lending spectrum.

A Home Equity Loan is similar to your primary mortgage in the sense that it’s set for a specific loan amount to be repaid with fixed monthly payments. (This type of loan is sometimes called a “second mortgage”.) Typically, Home Equity Loan interest rates are fixed and fully amortized.

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Personal Finance

Can a home warranty save you money?

Before talking about the pros, cons and potential money savings a home warranty can offer, it’s a good idea to know what a home warranty actually is.

A home warranty is a contract (usually a one-year term) that helps cover the cost for the repair or replacement of many home systems and appliances. There’s quite a variety of home warranties available today, which is why researching different companies and learning about what they offer is an important part of the home warranty selection process.

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FICO Scores & Credit Reports, Identity Theft

The Fair Credit Reporting Act and Credit Reporting Agencies

The Fair Credit Reporting Act (FCRA) is a complex piece of legislation designed to promote the accuracy, fairness, and privacy of consumer information contained within the files of credit reporting agencies. You can see the FCRA in totality on the Federal Trade Commission’s website, however, there are a lot of terms, definitions, and rules that can confuse those of us who are not experts in the field.

So let’s make the Fair Credit Reporting Act a little bit easier to understand…

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Credit News & Current Events

Protecting Your Credit When Disaster Strikes

In the wake of natural disasters such as Hurricane Matthew, you may be struggling to get your life back to normal. Among the many concerns you may be wondering:

  • How do I get access to money?
  • What will happen if I miss payments on my credit cards and loans?
  • And how might the decisions I make affect my credit rating and access to credit in the future?

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Personal Finance

Certificates of Deposit offer higher yields and greater safety. Is that a good thing?

Certificates of deposits (CDs) are investments, sold by banks that are typically bought with cash an investor won’t need for a long period of time. Why? The money must remain invested for the full investment period (referred to as the “term” of the CD) in order for the bank to pay a slightly higher interest rate than what would have been earned if the money was kept in a money market or checking account. This is the “higher yield” feature of a CD.

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Financing & Loans, Personal Finance

HARP Refinancing – What is it and can it help you?

HARP – Home Affordable Refinance Program.

The acronym helps us remember what the letters stand for, but what is HARP and why was it created? HARP was developed by the Federal Housing Finance Agency in an effort to help homeowners, with little or no equity in their homes, refinance their mortgage. That means, if you owe as much – or more – than your home is worth, you may be eligible for a HARP refinance.

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FICO Scores & Credit Reports

Free Credit Report vs. a Credit Report from FICO

Is one better than the other?

Free Credit Report… you’ve seen the commercials, the banner ads, the social media push and lots more. However, do you know what’s missing from that free credit report? Your FICO® Score – the credit score used by 90% of top lenders to decide whether or not to give you a loan and what interest rate they’ll charge.

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Popular posts

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...

Quiz results are in! (And they may actually surprise you)

Last month we posted a fun quiz on the blog section of myFICO to test how well people know their credit.  The quiz consisted of 10 questions about credit,...