Do you know how to access your FICO® Credit Score for free? One easy way to do it is through CreditScorecard.com, a new tool from Discover. Credit Scorecard gives a detailed breakdown of the score to help people better understand it.
I mentioned in a previous post that Discover was the first major card carrier to proactively offer the service to cardmembers, but now everyone can access their FICO® Credit Score through CreditScorecard.com, not just cardmembers.
Since 90% of top lenders use the FICO® Credit Score, it’s a key component of financial health. Since so many people find credit scores confusing, Discover saw the need to offer this kind of financial education to consumers.
A recent Discover survey of people who had checked their credit scores in the last year found that:
~61% said doing so had helped improve their credit behavior (paying bills on time, paying down loans and maintaining low credit card balances).
~60% saw their score improve.
I’ve been monitoring my credit since digging out of debt ten years ago, and I watch my score like a hawk. It’s very important to me to keep my score as high as I can, so when it comes time to purchase a new house, get a car loan or apply for a business credit card, I can benefit from the lower interest rates afforded to those with excellent credit.
Do you know your FICO® Score? If not, check out the new tool at CreditScorecard.com and find out.