Repair Credit Score

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All consumers with a credit history also have a Credit Score. Fair Isaac Corporation pioneered the use of credit scores, and its FICO score is the one most lenders use. 

What is a FICO Score?

A FICO score is a three-digit number between 300 and 850. The higher the FICO score, the better, and anything over 700 is typically considered �good� credit. The FICO score takes into account various information on your Credit Report and is calculated using top-secret algorithms. 

What are important factors affecting your FICO score or your Credit Score?

Fair Isaac Corporation tells us is the importance of certain information to your Credit Score or FICO score: 

• Payment history is the most important factor
• Second most important is your amounts owed
• Third is your length of credit history
• Then new credit and types of credit used

Click here to read about Credit Scoring 

How to improve my FICO score or Credit Score?

The best way to improve your FICO score or Credit Score is to make all of your payments on time and in full, and to pay down your balances. 

The interesting thing about Credit Scoring is that it doesn’t take your income into account. Therefore a multimillionaire may have a Credit Score of 400 and a minimum-wage truck-stop waitress may have a Credit Score of 800. It all depends on how they pay their bills.

People refer to a FICO Score Chart when they want to know where their Credit Score is at. FICO Score is another name for Credit Score. The simple FICO Score Chart is just a Credit Score Chart that tells you what excellent credit is vs good credit, bad credit and average credit. However, unlike FICO Score Chart, the Credit Score Chart is just a guide to help people understand how Credit Score works for the first time. If you actually want to keep track of your Credit Score and improve your Credit Score, then you need a real, dynamic FICO Score chart.

The FICO Score Chart is comprehensive and can help you analyze your Credit Report, suggest how to improve Credit Score, and much more. You can see the picture of an example of FICO Score charts below.

Fico Scores/Reports

How often should I check my Credit Report and Credit Score?

Generally, you should check your Credit Report at least once a year. However, it is advisable that you check your Credit Report once every quarter.

How much does a Credit Report cost?

Your Credit Report will cost you around $10. The amount varies from state to state. It costs a little more to obtain your Credit Score or your FICO Score with your Credit Report. Your FICO Score or Credit Score is very important when you apply for any financing.

How and where to order my Credit Report?

You can order your Credit Report from each of the three major credit bureaus:

• Experian
• Equifax
• TransUnion

You can call the credit bureaus to order a Credit Report as follows:

• Experian: 1-888-397-3742
• TransUnion: 1-800-888-4213
• Equifax: 1-800-685-1111

You can also order your credit reports by mail:

Experian
National Consumer Assistance Center
P.O. Box 2002
Allen, TX 75013-2002

TransUnion Corporation
Consumer Relations Center
P.O. Box 10000
Chester, PA 19022

Equifax Credit Information Services
P.O. Box 105873
Atlanta, GA 30348

Alternatively, you can also order your credit reports from the credit bureaus’ website.