subject: How to Get a Free FICO Score Credit Report Online [print this page] How to Get a Free FICO Score Credit Report Online
Your credit score, commonly known as a FICO score is a numerical representation of the current and past financial trends. In essence, this is score is used to show potential lenders exactly how likely you will make your payments on time. The higher the score, the more reliable you to everyone who wonders whether or not yours to give you a loan.
Your numerical score is the direct result of your past andcurrent financial activities, which passed by a complex mathematical formula. This will take all your existing credit cards, mortgages, utilities, car payments, and many other debts. considered. The more consistent you all the payments made on time, the higher your FICO score will be.
It is very important, often looking over a copy of your credit report, as errors, fraud, and out of the current information is very often overlooked andcan be a drastic negative impact on your rating. It has never been easier, more affordable and more important to check your report. The Internet provides an excellent opportunity to get a free copy of your FICO score.
What is the average U.S. credit score?
FICO ratings generally fall into the range between 300 to 850, with 300 the lowest () bad credit, and 850, the highest (excellent) credit. The average score forBorrowers in the U.S. around 720th Lenders will generally spend more for people with a score of 700 or via a more favorable interest rate and terms for their loans. While with 600 or less, is usually a higher interest rate and stricter requirements.
