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When you need to find out your credit score, myFICO.com is the place to go on the Internet.
Take it from no less of an authority than Kiplinger.com, trusted for its personal finance and business forecast information, which recently named myFICO.com as the best place to go on the Internet for your credit score.
“A crystal ball isn't necessary to find this magic number,” Kiplinger.com wrote. “It costs $15.95 to get your FICO score from Fair Isaac, the company that compiles the most widely used credit score. The site includes advice on boosting your score.”
FICO is a publicly-traded corporation (under the symbol "FIC") that invented the best-known and most widely used credit score model in the United States. The FICO score is calculated statistically, with information from a consumer's credit files, and is primarily used in credit decisions made by banks and other providers of secured and unsecured credit.
It provides a snapshot of risk that banks and other institutions use to help make lending decisions. Generally speaking, the higher your FICO score, the more likely it is that terms of a loan offer will be favorable to the borrower. The higher your FICO score, the better you have managed your use of personal credit.
MyFICO.com offers four services through which to receive updates of your FICO score:
Score Watch monitors your credit report at Equifax on a daily basis and your FICO score on a weekly basis. It notifies you when you reach your target score or when you qualify for a better interest rate, and alerts you when unexpected changes to your credit report cause your FICO score to drop. Score Watch provides two Equifax Score Power reports each year.
FICO Standard: Get your FICO scores from your choice of Equifax or TransUnion. Each comes with a full explanation of the credit score and how lenders view you, and also includes actions you can take to get your FICO score into the higher ranges.
Suze Orman’s FICO Kit Platinum: Suze has taken the FICO Kit to a whole new level with the new and improved – Platinum – version. She makes it easier than ever before to take control of your credit and save money!
The Suze Orman FICO Kit Platinum Version still comes standard with many of the features you have come to know and love: including 3 personalized credit reports and 3 FICO scores, plus many new features.
FICO Quarterly Monitoring: myFICO.com will continually track key elements of your credit and show you how they differ from quarter to quarter. Tracking essential components of your credit such as "problem accounts" or the "total balances owed on your accounts" can help you spot the trends in your credit profile which may be affecting your FICO score.
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