Just found out my credit score (FICO)

My Score is: 725  (Good) on a scale of 330 – 830. last year it was 640 which is fair.  I  used the  annualcreditreport.com site, but they didn’t give the score for free.  Instead I used FreeCreditReport.com which is free for 30 days.  Then you cancel by calling this number: 1-877-481-6826.

I had been working to make sure that I keep my score in mind and increase it over the past year and voila!  It’s up.  So, one more goal for next year is to get it into “excellent” from “good”!

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One Response to “Just found out my credit score (FICO)”

  1. fyguy Says:

    I found this informative from wikipedia:

    “A FICO score is between 300 and 850, exhibiting a left-skewed distribution with 60% of scores between 650 and 799.[2] According to Fair Isaac the median score is 723 (half of scores above and below) whereas according to Experian (using the Fair Isaac risk model) the average credit score is 678 (lowest scores are farther from the median than the highest scores).

    Makeup of the credit score:
    * 35% — punctuality of payment in the past (only includes payments later than 30 days past due)[citation needed]
    * 30% — the amount of debt, expressed as the ratio of current revolving debt (credit card balances, etc.) to total available revolving credit (credit limits)
    * 15% — length of credit history
    * 10% — types of credit used (installment, revolving, consumer finance)
    * 10% — recent search for credit and/or amount of credit obtained recently”

    http://en.wikipedia.org/wiki/FICO_score

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