Yes, these are good scores!
The way a mortgage lender (like me) or other creditor looks at a "tri-merged" credit report (a composite report adding info from three credit bureaus) is to drop the high and low score and use the mid score as the basis for lending and pricing decisions so if these 3 scores are all yours from the same report, your mid score would be 721.
FICO credit scores, which are the most extensively used credit scores, range from 300 to 850. A credit score of 826 means that you would be considered a low risk for a loan. You would also have a lower interest rate on a loan than someone who has a lower FICO credit score.
If this is your FICO Score, then NO. FICO scores range from 300-850, the average score in the USA being 687. If your score is 489, it may be time to get proactive and start repairing your credit.
IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?
One has to purchase their credit score which is different from a credit rating. The credit score is purchased from FICO which is the only place to buy if from so you do not get two different scores.
More often than not, potential creditors look at your FICO score. Other companies offer `credit scores' that use varying algorithms to determine your `score', but they may vary widely from your true FICO score.
FICO credit scores, which are the most extensively used credit scores, range from 300 to 850. A credit score of 826 means that you would be considered a low risk for a loan. You would also have a lower interest rate on a loan than someone who has a lower FICO credit score.
If this is your FICO Score, then NO. FICO scores range from 300-850, the average score in the USA being 687. If your score is 489, it may be time to get proactive and start repairing your credit.
FICO stands for Fair Isaac Company, the company that created--and computes--this credit score. Although other companies also compute credit scores, FICO is the most trusted, and most used, score.
IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?
One has to purchase their credit score which is different from a credit rating. The credit score is purchased from FICO which is the only place to buy if from so you do not get two different scores.
More often than not, potential creditors look at your FICO score. Other companies offer `credit scores' that use varying algorithms to determine your `score', but they may vary widely from your true FICO score.
Credit scores are obtained directly from Equifax's website. Equifax offers a three in one product for this, combining a credit report with a credit score and a FICO score.
FICO stands for Fair Isaac Company, the company that created--and computes--this credit score. Although other companies also compute credit scores, FICO is the most trusted, and most used, score.
A FICO score is based on your credit rating and is a tool for creditors to decide whether to give credit to a person or company. There are sites that offer your credit report and FICO score for a charge and others that offer them for free.
Fair Isaac Corporation is the major credit scoring company that compiles your credit scores from your payment history. Your credit scores indicate the risk involved that you will not default on your payments. If your score is 300 to 400, you are a major credit risk. If it is 750 or up to the highest at 900, you are an excellent credit risk. FICO reports your credit history to the three major credit bureaus. Go to FICO's website and check your raw credit score by paying a small fee. Compare it to credit bureau reports.
FICO stands for Fair Isaac Corporation, which is a company that calculates the credit score that most creditors use to determine your creditworthiness. So, your FICO score is a type of credit score. They use the information that each of the three credit bureaus (Experian, Equifax, TransUnion) possess on each consumer, and they turn that information into your FICO score. However, there are many other companies, including the credit bureaus themselves, the create their own versions of your credit score, and these scores are often different than your FICO score, since they are not using the same mathematical calculations to come up with your score.
AnswerFICO stands for Fair Isaac Company, the company that created--and computes--this credit score. Although other companies also compute credit scores, FICO is the most trusted, and most used, score.