FICO Scores and Credit Reports…Understand your FICO® Scores, save money!
Having a strong credit education is important since your credit can impact many aspects of your life. Whether you're buying a home, a car or applying for a credit card - lenders want to know the risk they’re taking by lending you money. FICO® Scores are the credit scores used by 90% of top lenders to determine your credit risk. Your FICO® Scores (you have FICO® Scores for each of the 3 major bureaus) can affect how much money a lender will lend you and at what terms (interest rate). Higher FICO® Scores can often help you qualify for better rates from lenders - which can save you money!
|MYFICO provides seven years’ worth of financial data, in contrast to other credit report providers who only supply 24 months’ worth of data.|
|There is no artificial inflation of your FICO score. It might feel good to see scores on other credit reports that are 40 or 50 points higher than you expected, but the most accurate and reliable scores will come directly from MYFICO .|
The extra five years of history on your MYFICO report may carry more derogatory credit details, but it can also contain five years’ worth of positive data. Both have an absolute effect on your true credit scores.
Give your life… the credit it deserves…