How to Estimate Your FICO

Your FICO score is your credit score; which is one of the most important numbers you need to know. Lenders look at your FICO score when you want to rent a home or apartment, buy a home, buy a car, apply for credit or make any other major purchase. The score was developed by Fair Isaac Corporation and ranges from 300 to 850. The higher your FICO score, the better your credit. Lenders can buy your score from three major credit reporting agencies: Experian, TransUnion and Equifax. Estimating your FICO score can help you know where you stand financially.

Instructions

1

Go to a FICO score estimator. You can find one at Myfico.com. Once on the website, search for FICO Score Estimator.

2

Answer the first two questions about number of credit cards and credit length, then click next. After you answer question one, it will also ask how long ago you received your first credit card.

3

Check the correct circles for the next five questions about your credit, then move on to the next page. After question seven, it may also ask you to answer how far past due you have paid on a credit card or loan.

4

Go through the final three questions and click next.

5

Read the estimated FICO score the website provides. It will give you a range. A score above 700 is good and lenders would most likely not consider you a financial risk. A score below 600 would lead most lenders to consider you a financial risk.