Bad Credit Gone

MyFICO.com is the place to go on the Internet when you need to find out your credit score.

MyFICO.com was named as the best place to go on the Internet for your credit score by no less of an authority than Kiplinger.com, trusted for its personal finance and business forecast information.

“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.”

The best known and most widely used credit score model in the United States was invented by FICO, a publicly-traded corporation (under the symbol “FIC”). 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. If you have maintained a good credit record, your FICO score will be higher than someone who has not done as good of a job as you.

MyFICO.com offers four services through which to receive updates of your FICO score:

Your FICO score and your Equifax credit report are monitored, on a weekly and daily basis, respectively, by Score Watch.

It alerts you when unexpected changes to your credit report cause your FICO score to drop, and notifies you when you reach your target score or when you qualify for a better interest rate. Score Watch provides two Equifax Score Power reports each year.

FICO Standard: Get your FICO scores from your choice of TransUnion or Equifax. Each includes actions you can take to get your FICO score into the higher ranges, and also comes with a full explanation of the credit score and how lenders view you.

Suze Orman’s FICO Kit Platinum: The new and improved Platinum version represents the FICO kit taken to a whole new level by Suze. She makes it easier than ever before to save money and take control of your credit!

Three personalized credit reports and 3 FICO scores, plus many new features, still come standard with the Suze Orman FICO Kit Platinum Version.

FICO Quarterly Monitoring: Key elements of your credit will be tracked by myFICO.com to show you how they differ from quarter to quarter. You can spot trends in your credit profile by tracking essential components of your credit such as “problem accounts” or the “total balances owed on your accounts.”