Fico score?

Question

Is your fico score the same thing as your credit score? If not, what is the difference? Is 710 good?

Answer 1

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Per MyFico.com, the median FICO score is 723.

FICO is the score creditors use. There is another score used by TransUnion and Experian. It has a different scale. Always specify FICO. It really is the only one that matters.

Answer 2

I did a basic overview of the FICO scoring model on my website last week.

There are several "credit scores", but the one that most lenders use is the FICO score. A 710 score is very good.

Source(s): http://creditreportscrub.blogspot.com/2008/06/fico...

Answer 3

FICO is the well known company that does credit scoring. So, everyone calls any credit score a FICO score. But, there are other companies who do scoring too.

Transunion has it's own. I find it to be almost 80 points lower than my FICO.

FICO is who I trust. Why? Because when I applied for a mortgage, FICO was nearly identical to the score the mortgage company gave me.

Transunion had me well below. Go figure. I won't buy scores from anyone but FICO.

http://www.myfico.com/

Answer 4

FICO is your credit score.

710 is above average.

Average in the united states is aprox 650-670 depending what article you read.

Answer 5

Yes, 710 is better then average and would fall in the good range.

680 Average

700-750 Good

750+ Excellent

Source(s): http://www.internetreviewguide.com/

Answer 6

Yep - pretty decent score. There's always room for improvement. Try and get to the higher 700's and the interest rate you've always wanted will be yours.