Free FICO Score Check

Your FICO score is a number that indicates how well you manage your financial obligations. Banks, landlords, credit card companies, and even employers use credit scores to judge you and your potential future tendencies. Your credit is not based on your income, but rather on how well you have managed your finances and how much debt you currently owe. You have the right to one free credit report per year, so why not check it out and see where you stand?

What Exactly is a FICO Score?

The FICO score, also known as the Fair Isaac Corporation Score, is the most widely used credit rating system in North America. Your score is determined by several factors, such as bill payments, current amount of available credit, amount of debt, and length of credit history. The score ranges from 300 to 850, with the average American's credit ranking in around 700 to 750. The FRCA (Fair Credit Reporting Act) allows anyone to request a free copy of their FICO once per calender year.

Improve Your Credit – Check Your FICO Score for Errors

If you are in the market for a new car, line of credit, mortgage, or any other type of financing, you will greatly benefit from knowing where your credit rating stands. The higher your score the better interest rates and terms you will receive. You obviously want to keep your score as high as possible, but it can be nearly impossible to efficiently work towards improving your credit if you don't know what part of it needs work in the first place. It is very common for credit reports to contain errors, such as out-of-date information, duplicate entries, or even fraud and identity theft related errors. By requesting your free credit report you can notify the credit reporting agencies and have these errors quickly removed.

Source by Zach Ford

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