How to Obtain the FICO Score Lenders Use
FICO scores, named for the Fair Isaac Corporation that developed it, are the credit scores most lenders use to ascertain your suitability for credit cards, auto loans and home loans. Your FICO score also affects the rate of interest payable on a loan. The higher your FICO score, the lower the interest rate. FICO credit scoring is used by the three credit reporting bureaus: Equifax, Experian and TransUnion. Getting your FICO score can allow you to monitor changes as you find ways to help improve it.
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Instructions
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Apply online to get your FICO score. It’s fast and can be viewed instantly. Go to the myFICO website (see Resources). Click on “Buy Now.” You can get your FICO score from Equifax, TransUnion or both. FICO scores may be different for each agency. Select which one you want, or select both. It costs $15.95 for or $31.90 for both. Click "Continue."
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Click “Create account." Enter your details accurately in the application form. Create your login and password. Pick your secret question.
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Click “Continue.” Review your application details. Check for errors. Click “Continue.” Enter your payment card details and click “Submit.” Your application, payment details and identity will be verified before you can get your FICO score.
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Click “Continue” and wait for “Application Successful” to appear. Click “View my score.” Enter your login and password details. View your FICO score instantly.
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Tips & Warnings
If you apply for a home loan, you are entitled to your FICO score for free. You do need to ask your lender for it, however, as it is not automatically given to borrowers.
To get your Experian FICO score, visit the Experian website for details.
If you purchase Score Watch from myFICO for $12.95 monthly, you will be updated automatically if your score changes.
References
Resources
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