Fico score?

Question

Is your fico score the same thing as your credit score? If not, what is the difference? Is 710 good?

Answer 1

Yes, 710 is better then average and would fall in the good range.  

680 Average

700-750 Good

750+ Excellent

Answer 2

FICO is the well known company that does credit scoring.  So, everyone calls any credit score a FICO score.  But, there are other companies who do scoring too.

Transunion has it's own.  I find it to be almost 80 points lower than my FICO.

FICO is who I trust.  Why?  Because when I applied for a mortgage, FICO was nearly identical to the score the mortgage company gave me.  

Transunion had me well below.  Go figure.  I won't buy scores from anyone but FICO.

http://www.myfico.com

Answer 3

FICO is your credit score.

710 is above average.

Average in the united states is aprox 650-670 depending what article you read.

Answer 4

I did a basic overview of the FICO scoring model on my website last week.

There are several "credit scores", but the one that most lenders use is the FICO score. A 710 score is very good.

Answer 5

Yep - pretty decent score. There's always room for improvement. Try and get to the higher 700's and the interest rate you've always wanted will be yours.

Answer 6

Per MyFico.com, the median FICO score is 723.

FICO is the score creditors use.  There is another score used by TransUnion and Experian.  It has a different scale.  Always specify FICO.  It really is the only one that matters.