what is fica score and how do you find out what it is?

Answer 1

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.

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 analyze a borrower's credit history considering numerous factors such as:

* Late payments
* The amount of time credit has been established
* The amount of credit used versus the amount of credit available
* Length of time at present residence
* Negative credit information such as bankruptcies, charge-offs, collections, etc.

Answer 2

It's actually FICO score, not fica, and it stands for Fair Isaac Corporation, which is the name of the company that sort of invented the credit scoring system. The three main bureaus who use the FICO score are Trans Union, Experian, and Equifax. A lot of the websites that offer to pull your credit report for free don't pull the actual FICO score- if you want the real deal, you should visit the website of any of the three major credit bureaus.

Answer 3

It is your credit score and is devised based on your credit history, income, ratio of credit to income etc. You can get it from several reporting agencies such as Equifax, Transunion or Experian - but it will cost you around $9.95. Beware of those sites that promise you a free score in return for your signing up for monthly credit monitoring. You will end up stuck in a monthly contract that averages between $10-$15 per month. It is very difficult to get them to quit billing you once the trial period is over. Just go ahead and pay the fee upfront for your score.

Answer 4

u can try freecreditreport.com or go to www.myfico.com