FICO Score

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I just checked my FICO score and it's at 745.. Is that decent?

 

[KK]

Anything above 680 I believe is considered excellent.

KK

 

[StageLeft]

745 is very good and well above average.

 

[MithShrike]

What is FICO?

 

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Originally posted by: Skoorb
745 is very good and well above average.

Cool.. I'm only 21 and live at home with my parents. I guess i can't complain..

 

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Originally posted by: Mith
What is FICO?

Stole from a website..

A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills. Fair, Isaac began its pioneering work with credit scoring in the late 1950s and, since then, scoring has become widely accepted by lenders as a reliable means of credit evaluation. A credit score attempts to condense a borrowers credit history into a single number. Fair, Isaac & Co. and the credit bureaus do not reveal how these scores are computed. The Federal Trade Commission has ruled this to be acceptable.

Credit scores are calculated by using scoring models and mathematical tables that assign points for different pieces of information which best predict future credit performance. Developing these models involves studying how thousands - even millions, of people have used credit. Score-model developers find predictive factors in the data that have proven to indicate future credit performance. Models can be developed from different sources of data. Credit-bureau models are developed from information in consumer credit-bureau reports.

 

[MithShrike]

Ah OK.

 

[Corporate Thug]

is the test free?

 

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If you goto Equifax.com and sign up for their Credit Watch service they give you a free 30-Day Trial. After that they will charge you $69.95. Just cancel the account within thirty days and you'll be just fine.

Equifax

 

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Double-post

 

[Freejack2]

I just checked my FICO score and it's negative 300.

All kidding aside 745 is good. I think you need to have a score of at least 700 to get any kind of loans.

 

[Corporate Thug]

Originally posted by: Transition
If you goto Equifax.com and sign up for their Credit Watch service they give you a free 30-Day Trial. After that they will charge you $69.95. Just cancel the account within thirty days and you'll be just fine.

Equifax

thanx for the info