What’s Your FICO Score?

A FICO score is a tool used by lenders to determine the relative risk of lending to an individual. Lower FICO scores usually equate to higher interest charges on loans and credit cards.

Previously, FICO scores have been difficult to obtain by consumers and usually required paying one of the large credit reporting agencies a fee the information.

There is a new tool available through www.creditscorecard.com that provides access to your FICO score. The website is sponsored by Discover, and the credit information is furnished by Experian.

There is no cost to obtain your score, accessing the information does not hurt your credit, and you do not need to be a Discover customer to obtain the information.

After a brief registration process, you will be able to access your FICO score and a summary report of the key factors in the calculation.

See below for a sample report from the site.

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Travis McShane