Understanding Your Credit


When it comes to credit, more information generally means more consumer empowerment. That's why we're excited to introduce a new education video series from FICO called  Understanding Your Credit.

Credit can be confusing and complex. We've created these four initial short videos to help you better understand FICO®Score basics.


 Understanding your credit report:

Credit reports are the foundation of FICO® Scores, but what are they exactly? Watch this video to find out which information on credit reports does and doesn't impact FICO® Scores.

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 What is a FICO® Score:

Every day, thousands of U.S. lenders use FICO® Scores to make more well-informed, credit-granting decisions. What does that mean? Why is it important to understand how lenders use them? This video takes a look at what a FICO® Score is and why it matters to consumers and lenders alike. Watch it to learn how FICO® Scores streamline the lending process, making it faster and fairer.

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 What goes into FICO® Scores:

Whether applying for a credit card, mortgage, or auto loan, there's a good chance the lender is using FICO® Scores to help make their approval decision. The good news is, FICO® Scores are ultimately in the individual's hands — they're based on credit habits and behaviors. That's why understanding what goes into FICO® Scores is a vital part of credit health. Watch this video to learn the five key categories that factor into FICO® Scores.

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 How lenders use FICO® Scores:

How do the 90% of top lenders in the US use FICO® Scores? They use them in a number of ways that matter to you. Watch this video to learn how lenders use FICO® Scores to help make lending decisions.

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