The FICO score is a type of credit score developed by the Fair Isaac Corporation (FICO). This is the score most lenders look at when evaluating your credit file. Composed of various components such as payment history, amounts owed, length of credit history, credit mix, and new credit, the FICO score can range between 300 and 850. The higher the score, the better.
While there are various platforms and credit monitoring institutions you can use to keep an eye on your credit score, there's arguably very few better than using the platform developed by FICO itself, MyFICO. MyFICO is a credit and identity monitoring solution that gives you a bird's-eye view of all your important credit accounts, along with identity theft alerts.
