Thursday, January 31, 2013

Easily Track Your Monthly Fico Score

Your FICO score is important to obtain a good interest rate to purchase a home.


Your FICO score is a three-digit number that lets creditors know how likely you are to repay the credit they extend to you. When you are ready to purchase a car or a house, it is a good idea to check your FICO score. If your score is low and you are working to improve it, you should constantly monitor it so you will know what to expect when you visit the lender. Many companies online offer a way to easily track your monthly FICO score.


Instructions


1. Visit one of the three major credit bureaus such as Experian, Equifax or Transunion. You can also visit a credit monitoring service like My Fico.


2. Sign up for one of their credit monitoring packages. Choose a package that updates you about your FICO score each month. They will charge a monthly fee for such access, though some will give you a limited free trial.


3. Login to the company's website each month to monitor your FICO score.


4. Purchase your score every month if you don't want to sign up for a monthly service. Most of the sites that offer credit monitoring allow you to purchase your FICO score monthly.







Tags: FICO score, credit monitoring, your FICO, each month, Your FICO, your FICO score