FICO® Score Frequently Asked Questions
WHAT IS A FICO® BANKCARD SCORE 8? WHAT TYPE OF SCORE IS THIS?
WHAT/WHO IS FICO?
WHAT IS A CREDIT SCORE?
WHY DON’T I SEE MY FICO SCORE?
There may be several reasons for this. If you are an “authorized user”, your FICO® Score will not appear, only the primary cardholder's score will appear. For accounts that have "joint cardholders" on the account, only the primary cardholder's FICO® Score will be displayed. Some months, however, we are simply unable to match the primary cardholder to a score at the bureau. Here are a couple of reasons why this could happen and you would not see a score:
- Your account is new. It may take a 30 to 45 days for us to populate your score on our website and mobile app. Please log in again after your next statement to check your FICO® Score.
- The FICO® Score we have on file for you is more than 90 days old. Your account may be closed or has not been used in several months.
HOW OFTEN IS MY FICO® SCORE UPDATED?
IS THIS SERVICE IMPACTING MY CREDIT /SCORE?
HOW CAN I GET A FREE COPY OF MY CREDIT REPORT?
WHO CAN I CONTACT IF I DISAGREE WITH MY FICO® SCORE? HAVE FURTHER QUESTIONS OR BELIEVE SOMETHING IS WRONG?
WHY IS THIS FICO® SCORE DIFFERENT THAN A PREVIOUS SCORE I’VE SEEN?
WHAT ARE KEY SCORE FACTORS?
I HAVE EXCELLENT CREDIT SO WHY DO I HAVE THESE CREDIT SUGGESTIONS/ KEY SCORE FACTORS?
HOW CAN I INCREASE MY FICO® SCORE?
WHY DID MY FICO® SCORE DROP THIS MONTH?
WHAT IS A GOOD FICO® SCORE/ HOW DO I READ THE FICO® SCORE METER?
It's hard to say what a good FICO® Score is outside the context of a particular lending decision. For example, one auto lender may offer lower interest rates to people with FICO® Scores above, say, 680; another lender may use 720, and so on.
The general practice assumes that the higher the score, the better the credit quality. The FICO® Score Meter next to your score on our webpage will give you a general idea of the strength of your FICO® Score.
The chart below provides a breakdown of FICO® Score ranges found across the U.S. consumer population. It provides general guidance on what a particular FICO® Score represents. Each lender has its own credit risk standards.
|800 or higher||Exceptional||Your score is well above the average score of U.S. consumers and clearly demonstrates to lenders that you are an exceptional borrower.|
|740 to 799||Very Good||Your score is above the average score of U.S. consumers and demonstrates to lenders that you are a very dependable borrower.|
|670 to 739||Good||Your score is near or slightly above the average score of U.S. consumers and most lenders consider this a good score.|
|580 to 669||Fair||Your score is below the average score of U.S consumers, though many lenders will approve loans with this score.|
|Lower than 580||Poor||Your score is well below the average score of U.S. consumers and it demonstrates to lenders that you are a very risky borrower.|
FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. First Bankcard and FICO are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. First Bankcard and FICO do not provide "credit repair" services, advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. To request a copy of your credit report, please visit: AnnualCreditReport.com.