FICO® Standard – Review

FICO® Standard – Review

FICO® Standard is the entry-level product from myFICO. For $15.95, it allows you to pull your FICO® score from Experian or Trans Union and then dive into all the details of your credit report.

The structure of this product is nice. They have 9 clearly labeled tabs divided into 3 areas:

• Credit Score
  • FICO Score Summary
  • Understanding Your Score
  • How Lenders See You
• Credit Report
  • Credit At-a-glance
  • Credit Accounts
  • Inquiries
  • Collections
  • Public Records
• Next Steps
  • Credit Disputes
  • Score Simulation

The Score Summary gives a quick overview of my score, but switching to the Understanding your score tab shows exactly what’s hurting and helping your score.  They’ve taken the “reason code” which can be a daunting industry term and translated it to things that hurt and things that help.

Next, the how lenders see you tab puts your FICO® score to work to show you your interest rate and payments tab.

The credit reports sections do a great job of being concise showing an overview of account status and then all your accounts on a single page.  Collection, inquiry and public record data can be viewed as well.

Finally, once you are through your reports, you can look for errors and dipute them with a tool that generates the letters for you.  You can also do “what-if” scenarios on your FICO credit score using the Score Simulator.

All and all.  This product has a lot of features for $15.95.

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