When should I check out my Fico score?
I just got my first credit card back in April, I was Approved by my bank, and I had no credit. Later I got approved for a department store card, and now i have another unsecured credit card. A total of 3 cards and I have the amount of debt available of $1,250 offered to me.I currently use less than 30% of overall debt, and I was wondering when A Fico score should be available to me? I never miss a payment and paid in full each month. I got an outstanding balance!
You should use www.annualcreditreport.com once it comes time to check your score. By going to this website, ONCE a year, you can get a free copy of your credit reports from the 3 major credit reporting agencies. They are Experian, Equifax, and Transunion. Based on the details of what they report, you get your FICO score. You get the report, the SCORE will cost you $ though.
It sounds like you are new to the credit game. Is there some reason you think you need the score?
I would get my copies in about six months if I were you. I would wait till you have a full year behind you. Slow down on getting the cards though. Too much sugar can spoil the recipe, if you know what I mean.
You’re not using all your available credit and that’s a good thing. Just always, always make your payments on time and always, always make AT LEAST the minimum payment. You should be able to manage the 10-50 dollars that’ll run you. If you do those things you should maintain a healthy score.
Your FICO won’t be perfect. The number is calculated in many ways. One of those factors will consider the length of time you’ve had credit. It will also be based on how many “hits” you’ve had to your credit report. Too many in too short a period of time is a bad thing.
I hope you like that card you got in April! Keep that sucker for a while. If you ever think you’ve outgrown the card (meaning the limit is too low) that can likely be changed. Let say these folks started you out with $500. If you keep that card for a while and are a good customer, call the number on the back and talk with someone. Ask them if you are elgible for a credit limit increase.
Sit back and enjoy the ride!
Don’t worry about your FICO score. Just check your credit reports once per year.
References :
http://www.annualcreditreport.com
http://www.myFICO.com is the official website of Fair Isaac who has developed the algorithm the bureaus use to determine your score. Don’t bother using other sites (or even the bureaus sites) as those will give you FAKOs (fake scores). It costs $15.95/per score from each bureau you pull the score from; google myfico discount and you can find a 20% discount code.
References :
You don’t need to know your FICO score. Just work toward paying off your cards in full. It is OK to keep them open but use them sparingly.
Financial solvency is far more important than a credit score.
References :
You should use http://www.annualcreditreport.com once it comes time to check your score. By going to this website, ONCE a year, you can get a free copy of your credit reports from the 3 major credit reporting agencies. They are Experian, Equifax, and Transunion. Based on the details of what they report, you get your FICO score. You get the report, the SCORE will cost you $ though.
It sounds like you are new to the credit game. Is there some reason you think you need the score?
I would get my copies in about six months if I were you. I would wait till you have a full year behind you. Slow down on getting the cards though. Too much sugar can spoil the recipe, if you know what I mean.
You’re not using all your available credit and that’s a good thing. Just always, always make your payments on time and always, always make AT LEAST the minimum payment. You should be able to manage the 10-50 dollars that’ll run you. If you do those things you should maintain a healthy score.
Your FICO won’t be perfect. The number is calculated in many ways. One of those factors will consider the length of time you’ve had credit. It will also be based on how many “hits” you’ve had to your credit report. Too many in too short a period of time is a bad thing.
I hope you like that card you got in April! Keep that sucker for a while. If you ever think you’ve outgrown the card (meaning the limit is too low) that can likely be changed. Let say these folks started you out with $500. If you keep that card for a while and are a good customer, call the number on the back and talk with someone. Ask them if you are elgible for a credit limit increase.
Sit back and enjoy the ride!
References :
One of my friends asked me this sort of questions before,she found helpful here http://www.DebtFreetips.info/debt-free.htm .
References :