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.

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Recent posts

FICO Scores & Credit Reports

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 brush up: a FICO® Score is the number that represents a borrower’s creditworthiness based on the data within his or her credit report(s). That number, in turn, is used by 90% of top lenders to determine how much credit they’ll offer a borrower and at what interest rate. In essence, it’s a “guide” for lenders to assess the risk of loaning money to a particular individual.

That’s it. We’re done. There’s nothing else you need to know about a FICO® Score, right? Well, not exactly.

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FICO Scores & Credit Reports, Personal Finance

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 be faster than you think, just easier, based on specific actions you can take over time.

If your FICO® Score is lower than you’d like, you’re most likely aware that it took time to get it down to that number. Maybe you maxed out some credit cards… missed a few payments on a mortgage or auto loan… applied for too much credit in a very short timeframe. Whatever circumstances occurred to lower your FICO® Score happened over a period of time and the same holds true when taking steps to improve your credit score. It will take awhile to get your FICO® Score to where you want it to be, but the actions required to get it there are reasonably simple.

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Financing & Loans

IDR (Income Driven Repayment) – lessening the stress of federal student loan repayment.

Paying back student loans is a stressful experience, especially for a recent graduate who is either unemployed or making a low salary. That’s where IDR (Income Driven Repayment) plans come in. These plans were developed to help borrowers (students, not parents) keep loan payments affordable and manageable, lowering the stress that typically comes with repayment.

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Financing & Loans, Personal Finance

5 Tax advantages of owning a home… #5 will make your day!

Whether you currently own a home or are just thinking about purchasing one, there are a number of tax advantages you’ll probably want to know about. These advantages are sometimes hidden within paperwork and difficult to find (without the help of an expensive accountant) or often overlooked by those of us who are not industry professionals. So we’re putting an end to the mystery by listing 5 of the most common (and money-saving) tax breaks of homeownership.

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Financing & Loans, Personal Finance

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 as well as where you’d like to see your financial status in the future. Sure, there are many rules of thumb when it comes to investing, saving, debt payments and more, but when it comes down to it, any decision you make must be built around your actual financial situation, not what others think it should be or what you wish it was.

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Personal Finance

Money 911: Establishing an emergency fund

They happen all the time: those unanticipated expenses caused by illness… auto problems… job loss… appliance breakdowns… and the list goes on. Sure, they’re all part of life, but where’s the money supposed to come from to help pay for them? That’s where an emergency fund comes in handy.

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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,...