How to Obtain FICO Score Used by Lenders

The Fair Isaac Corp. created the FICO score used by lenders. Your FICO score is compiled from data from the credit-reporting bureaus TransUnion and Equifax and is based upon your payment record, credit history and outstanding debts. Your use of credit cards is also monitored. Your FICO score ranges from 300 to 850. Scores above 700 are good, while scores below 600 are considered to present a risk to lenders. Your FICO score is used by most lenders to assess suitability for credit. Its easy to obtain your FICO score, although it is not free.

Instructions

1

Go online to obtain your FICO score used by lenders. The process is fast and simple, and you can view your score instantly. Go to the MyFICO.com website (see Resources). Click Get FICO Score. Check the boxes to get your score from TransUnion, Equifax or both. Individual scores are $15.95, or $30.90 for both, as of 2010.

2

Click Continue and then Create Account. Make sure you enter your details in the application form accurately. Inaccurate answers will prevent you from obtaining your FICO score.

3

Create your log-in ID, password and password reminder. You need to remember these to get your FICO score another time.

4

Click Continue and enter your payment details. Most major debit and credit cards are accepted. Click Continue. Carefully review your application form and payment details before submitting to get your FICO score.

5

Click Submit. Wait for your identity to be verified and your payment processed. Click Continue. Enter your log-in ID and password. Click Enter. You have now obtained your FICO score and can view it online instantly.