MyFICO Credit Score Estimator Review

MyFICO's credit score estimator tool is a useful way to estimate your FICO score without actually paying for the real thing. Keep in mind that this tool does not pull your credit report data, it just goes by the answers to the questions they give you. It can be pretty accurate though, so if you answer the questions honestly, you can get a good idea of what your actual credit score is.





Pros: No account to sign-up for, no fees ever, completely anonymous

Cons: Not an actual credit score, no real credit data is used

Standout Features

Trial Info None
Credit Scores Estimated FICO Score
Credit Reports None
Credit Reports Monitored None
ID Theft Coverage None
Price Always free

Full Review

MyFico Credit Score Estimator is a great free tool to estimate your FICO credit score. It’s completely anonymous, doesn’t require any sort of identifiable information at all, not even an e-mail address! No membership to sign-up for, nothing – just answer a few questions as accurately as you can, and your estimated score will be given to you instantly.



Free credit score estimate

This tool is great for estimating what your actual FICO credit score should be, without entering your social security number, name, not even an e-mail address. It requires no personal information at all, it’s completely anonymous. Just answer some basic questions about your credit history, and you will be presented with an estimate of your FICO credit score.

It’s also great to be able to see how different scenarios can affect your credit score. Since it’s completely free and anonymous, you can answer the questions honestly and see what your current score should be. Or if you would like to see how paying down your credit cards or loans, or maybe just obtaining a new credit card could affect your credit, it’s very simple to change one or two questions to see how those actions would positively or negatively affect your credit score.



It can serve as kind of a “what if” scenario estimator as well. What if I paid off my student loans? Or what if I was approved for a mortgage and bought a home? You can go modify your scenario to reflect what these actions would do to your credit. That’s one of our favorite things about this tool.

It’s not an “actual” credit score, but it can be fairly accurate in estimating your score, and it’s a great tool to help you understand your credit better and how much different things can affect your score.



Bottom Line

Everyone should use this tool. Besides being a fairly accurate estimate of your actual score, it’s a great learning tool. I’ve spent a lot of time modifying my answers to see how it affects the outcome. It’s no substitute for checking your real credit score, but it’s should definitely be part of your credit arsenal. Check out it!

FAQ

How do I find out what my FICO score is?

What is a FICO Score and How is it Determined?Payment History – 35% Your payment history is the most important factor of your FICO score and has the most impact. ... Amount Owed – 30% The amount that you currently owe to lenders. ... Length of Credit History – 15% ... Credit Mix or Types of Credit Used – 10% ... New Credit – 10%www.campusfederal.org › learn › article › what-fico-score-how-it-deter...What is a FICO Score and How is it Determined? - Campus Federalwww.campusfederal.org › learn › article › what-fico-score-how-it-deter...

Is Myfico a legitimate site?

Despite all of the customer complaints, myFICO is indeed safe and a legitimate credit reporting service. However, it must be noted that you may receive some customer service problems if you join the service. The service itself is useful, and if you pay money for the service then it's not necessarily a scam.

Does Myfico have a free trial?

Get Your True FICO Credit Score from myFICO.com. By Veneta Lusk. ... There are several different ways to get your credit score for free without having to enter your credit card information. There's no trial membership to keep track of and cancel down the road.

How do I calculate my FICO score?

What's in my FICO® Scores? FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).

Can I get my FICO score for free?

The free credit reports provided from Annualcreditreport.com don't include your FICO Scores. If you'd like to know what your FICO Scores are, you can checkout where to get FICO Scores here.

What interest rate can I get with a 720 credit score?

With “Good” credit, you could receive an interest rate of 5.158 percent. With a 30-year fixed loan, that translates into monthly payments of roughly 9.78. By the time the 30 years is over, you'll have paid 5,120.38 in interest.

What interest rate can I get with a 680 credit score?

Someone with Fair credit is likely to get a 14.06 percent interest rate on a car loan, whereas someone with Good credit may see a rate around 7.02 percent. If you finance a ,000 car over 60 months with Fair credit and a rate of 14.06 percent, that car will cost you ,969 by the time you've paid it off.

How can I find out my FICO credit score?

Authorized FICO® Score Retailerswww.experian.com.www.equifax.com. FICO® Scores are only provided on Equifax® products that specifically state a FICO® Score is included, including the Credit ScoreWatch® product and the Score Power® product. ... www.myfico.com.ficoscore.com › where-to-get-fico-scoresWhere to get FICO® Scores – FICO® Scoreficoscore.com › where-to-get-fico-scores

Can I check my FICO score for free?

One of the best ways to access your FICO® credit score for free is through Discover Credit Scorecard. This program is free whether you are a Discover customer or not. ... With the Discover Credit Scorecard, your score is updated every 30 days, and you will never be penalized for checking your score.

What is a good credit score FICO?

FICO® Scores are used by many lenders, and often range from 300 to 850. Generally, a FICO® Score above 670 is considered a good credit score on these models, and a score above 800 is usually perceived to be exceptional.

Is FICO score same as credit score?

So there you have it: A FICO score is just one brand of credit score. The reason you've heard about it is because it's the most widely used. It was created by the Fair Isaac Corporation back in 1989. Think of it this way: If credit scores were online stores, FICO would be Amazon.