Friday, January 16, 2009

Free FICO Score

from Slickdeals:

"myFICO is offering a free credit score to first 10,000 registered users of myFICO forums. If you have not registered yet, click here, then register and log in."

I pulled my score - 797 - which is better than I expected. According to the chart it would be higher if I hadn't opened that store card this summer *shrug*

797's not bad considering I've only taken out one loan and that was paid off in 2007. Also, I have the tiniest amount of credit (less than 3k spread across three cards) since my main cards are business cards and they don't affect my personal credit score.

I'm surprised my credit card revolving door didn't hurt my score more. You guys should see how long my credit reports are!

from their site:
Check out how people with higher FICO® scores qualify for lower monthly payments on a $300,000, 30 year fixed-rate mortgage:

Score | APR | Monthly Payment
760-850 | 6.303% | $1,858
700-759 | 6.525% | $1,901
660-699 | 6.809% | $1,958
620-659 | 7.619% | $2,122
580-619 | 9.451% | $2,512
500-579 | 10.310% | $2,702

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