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...

Does your credit impact your health?

You probably already knew this intuitively (for example, you might have read that paragraph above and said, “of course...

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...
Credit News & Current Events, FICO Scores & Credit Reports
Quiz results are in! (And they may actually surprise you)
FICO Scores & Credit Reports, Personal Finance
Does your credit impact your health?
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 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.

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Recent posts

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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FICO Scores & Credit Reports, Financing & Loans

How Student Loans Affect Your FICO® Scores

Here are some sobering statistics for anyone who recently graduated from college:

  • 70% of students graduating with a bachelor’s degree are leaving school with student-loan debt
  • The average class of 2014 graduate with student-loan debt owed $33,000—earning them the distinction of the most indebted class ever
  • 2014 graduates face a 8.5% unemployment rate and 16.8 underemployment rate

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Credit Cards

6 Tips to Maximize Credit Card Rewards

In the credit card world, there’s really no better feeling than earning rewards for your spending. Who doesn’t like getting a little bonus for purchasing everyday expenses with some plastic?

But lost in the excitement of air miles, cash back, and gift cards is the fact that getting the most out of your credit card rewards requires some extra know-how and a bit of work. Want to squeeze every last drop of value out of that rewards card? Here are some tips.

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Financing & Loans

How Recent College Grads Can Start Building Credit (in 3 Easy Steps)

Establishing credit when you’re just starting out can feel a bit like a catch-22: to establish credit, you need to get credit; to get credit in the first place, you need to have an established credit history. It can be an infinite loop of frustration (one you should get familiar with if you’re a recent grad — to get a job, you need work experience, which you can only get if already have a job . . .).

Luckily, breaking free of this paradox isn’t as hard as it initially sounds if you know where to start and know what to do once you get going.

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Popular posts

10 ways to stay positive while you're working on your credit

We live in an instant world. You shop for something online and it’s at your door in days (or hours!). If you want pizza, you can probably get it...

How Student Loans Affect Your FICO® Scores

Here are some sobering statistics for anyone who recently graduated from college: 70% of students graduating with a bachelor’s degree are leaving school with student-loan debt The average class...