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Get Free Credit Report and Credit Score Online at myFICO

September 17th, 2008 · No Comments

FICO scores are the credit scores that most lenders use to determine your credit risk. Your FICO credit scores (you have 1 score from each of the 3 major credit bureaus) can affect how much money a lender will lend you and at what terms (interest rate). So, taking steps to improve your FICO scores can often help you qualify for better rates from lenders – which can save you money.

Your credit report does not really exist until you or a lender asks for it. It is then compiled by the credit reporting agency based on the information stored in that agency’s file. This information is supplied by lenders, by you and by court records. Your credit report reveals many aspects of your borrowing activities. All pieces of information should be considered in relationship to other pieces of information. The ability to quickly, fairly and consistently consider all this information is what makes credit scoring so useful.

Tags: CREDIT REPAIR · CREDIT · MYFICO FREE CREDIT REPORTS · FREE CREDIT REPORT · CREDIT RANKINGS · CREDIT SCORE · CREDIT MANAGEMENT · CREDIT FILE · CREDIT REPORT

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