how can you figure what ur credit score is if u have ur rept

did you order a credit report yet? I thought they all come with the score already (but I could be wrong).

U are able to see each credit bureaus scores for u but the most accurate is at www.myfico.com U will have to pay a small fee to get your score.
Ang

I haven't looked at mine in ages...too afraid to!

Well i was also afraid to look at mine but was pleasantly surprised when i did. Still needs some work but overall wasn't as bad as i thought it would be!
:D
Ang

you actually don't have to pay anything to get free credit reports from all reporting agencies everyone in America can receive free credit reports once a year from all reporting agencies free no cost! Ang? what small fee?

Yes for "credit reports" u CAN get one free a year but i think they were asking about their fico score! There IS a small fee to get this!
Hope that helps,
Ang

Hanky, are you talking about freecreditreport.com? If so, it's a good site to use but i think they only give you a score from one of the three credit companies. Now, you can get your score compiled from all three if you pay a fee and depending on the 'package' you want from freecreditreport. If you use freecreditreport, be sure to monitor your usage as far as time goes. You have 30 free days to view your report and then you get charged $12.95 a month i believe. I forgot and didn't cancel on time so I got stuck with a $12.95 charge, but that may be a blessing since my credit isn't that great. I can at least see why these CAs are calling me!

Ang, thanks so much for your site! I'm going to check that out
one more thing on freecreditreport, you can cancel anytime, there isn't a certain amount of time that lapses that you have to wait to cancel. ifyou go past the 30 day free trial period, you can call and cancel though their sales people will try their hardest to get the price lower for you to keep their identity theft package and other assets of the program. I think everyone is entitled to one free report a year now, you're right Hanky.

For your free credit report that you are allowed annually, got to www.annualcreditreport.com. To receive a real score go to myfico.com and order it for a fee.For 24 hour monitoring of all three bureaus with daily reports,you will need to purchase a third party puller.

If you wish to monitor your Fico score on a daily basis,you can order Scorewatch from equifax.com. It is a real fico and you set alerts on your score and it will adjust as your real score moves up or down.

wow! I asked and got reports from 3 agencies for free after fraud was reported one reporter required a bit more work I was not able to immediately download -- maybe that is difference?If fraud is involved? I simply went to each sight and requested report-- From what I am hearing about huge mistakes in fico scores I am beginning to wonder why we are at mercy of this mysterious number? I haven't been charged anything for my credit reports I recently asked for --why has my case been different please reply

Hanky we are talking about fico scores here NOT credit reports! It's 2 diff things! The credit bureaus do give u a score they've composed but they are not as accurate as ur fico score!!!
Hope this helps u understand better,
Ang

Ang it has always been my understanding that your Fico score is derived from the numbers that the three credit reporting agencies have on you and that you simply average the three reports to get a good idea of what your Fico is--if the number from each credit report is what determines your Fico score how are Fico scores and credit reports two different things? Guess I am totally behind the times on this one--thanks for response :D

Fico scores are figured out by Fair Issaic Company based on a formula applied to each file from the individual bureaus. You can go to Equifax and order a Fico score from them directly or myfico.com for all three. There are discount codes available to help offset the cost.I get them from another consumer board.

There are a million different scores (exxagerating), and the FICO just happens to be the most popular. If you are applying for a car loan, for example, the finance co might be pulling the "Auto Risk Model". In that case, the score they see will actually be different than the score you see.

Scores are empirical formulas, which weight certain factors in your credit report. Similar to a bell curve, the score shows where you stand statistically compared to the rest of the population.

The free credit reports you are allowed each year, or if you have been denied credit or are a victim of fraud, are not required to disclose your score to you. To get your score, you will almost always have to pay for it. Like Cajun said, subscribing to some service will usually get you a combined report and score from one or all of the bureaus.

The FICO is not an average of all the bureaus. FICO, or any other score, is relative to each bureau separately. Since each bureau has different information on you, you will most likely have 3 different FICO scores.

yes DEbt cruncher that is what I have often been told about FICO scores but have also been told that some lenders will use one score from one reporting agency or will use an average from the three reporting agencies--this is info from corporations' cpa I received told to me directly -- --is this information not correct? please advise thanks!

Hankyspanky - a company may have it's own internal calculation like you described. It would be incumbent upon them to pull all three scores and then do the calculation on their end. I guess it is possible too that a lender might use an intermediary processor who pulls all 3 bureaus and returns 1 combined report, and what they get back has an average score already calculated. If they are doing that, though, it would not be considered a FICO - it would just be considered their own scoring system.

My company has our own scoring system which we developed inhouse, and it takes into consideration factors that would not appear on your credit report. We give credit applicants a score in 4 different areas: Length of Employment, Overall Credit History, Available Income, and Value of Collateral. We then tally up the scores and add their FICO score to the mix. Based on our own score, we then put the applicant into either an A, B, C, or D tier. Our loan approvals vary depending what tier they fall into.

That is good feedback debtcruncher!

A friend of mine works for property management company (residential) and just recently, they went to a scoring system similar to your in-house model due to the epidemic of low FICO scores right now. They would rather rent to someone who has good income and long term employment so much over their low FICO.

Debtcruncher I absolutely agree with your system because I feel the FICO has so many mistakes! (although Suzi Orman might hit me with a wet noodle for my neg feelings about the FICO score)--my company does a lot of financing but very selective in-house--most is through Citifinance--but in their processing-- I'm sure they determine--home owner vs. renter --time on job--credit history --debt to income ratio--etc--and in past few months I have seen that a much higher percentage of applications have been declined--I thought I had gotten to the point where I could actually look at credit application before I punched info into Hypercom--and could almost guess 99% of time how much credit would be approved or if it comes back in seconds declined--but lately I NEVER know until answer appears on screen if it will be approved or not ! I have come to the conclusion that too many credit card companies have not done the research and used common sense in offering credit--and that is why so many debt collectors find themselves very busy these days--my biggest concern is that in the past few months-our credit card and finance sales make up for at least 65% of sales--it used to be less than 40%--I just hope that our country isn't getting into more and more trouble with credit debt--I mean I'm not gonna tell someone "hey don't buy this from me unless you can pay cash" but when business is down 30% in past 6 months-- and majority of business NOW is derived from credit purchases --I hope and pray that debt collectors in future will not outnumber sale's people!

Hi hankyspanky

I agree with you completely...credit card debt is one of the major problems that our country is facing at this moment. As per a survey,an average American household with at least one credit card carries $9,200 as credit card debt. Most of the people dont even realize when the debt goes out of control. Uncontrolled credit card debt not only ruins your financial life but also wreaks a havoc on your personal life. Wat a menace :(

goodnelly thanks for your support!-- The problem as I see it is NOT the amount of debt stated owed --but the actual payoff amount with interest and late charges that people eventually end up owing! And consumers laying down the plastic these days are outnumbering the cash offers and checks and debit card offers and this to me is really scary! I used to think credit card surge was that this was because our citizens wanted too many things and wanted them right now--but it seems like lately--they are using credit to pay for necessities in life--not things on the wish list--and this to me is very scary!

wow wow wow!!!! look at this thread from 2007 BEFORE THE real estate market fell into a hole----it is so amazing at what these members were trying to offer advice on and I can no longer find them here? Why are they not the moderators on site?