825 or lower…

I’ve been tracking my FICO Scores through a couple of different services now and it’s been interesting to watch the differences and the changes over time. My score according to my Wamu credit card FICO score tracking service says my score is now a 825. Wow! But what is this FICO score and how is different from the Score Watch FICO? The Wamu FICO Score is the bankcard FICO - or a specific FICO model to assess risk for default on the Wamu credit card. The FICO score model can be tweaked depending on what the bank is looking to assess. Wamu makes this score available to consumers on their online site. The FICO from Score Watch is the FICO score used by most lenders.

So, it appears that my risk for credit card default is lower than my risk for a mortgage or other type of credit. That said, my risk is low on both counts. Plus, both scores have improved from early in the year where I was using my credit more to start VideoCreditScore.

My Score Watch FICO increase this year = 33 points
My WAMU FICO increase this year = 50 points

myFICO Suze Orman FICO Kit - Review

Suze Orman’s FICO Kit was developed to provide more assistance to a large part of the consumer market which needs more coaching. Essentially, it’s the same product base as the FICO Complete in that it features 3 FICO Scores and 3 credit reports from the 3 bureaus.

But, it takes this base product and expands the flexibility to that you can pull 3 reports from any of the 3 bureaus, Equifax, Experian and Trans Union at any time. So, instead of getting all 3 scores at once, you can wait and pull one now and one in a few months. Plus, the product can be shared across family members.

Suze wouldn’t be Suze if she didn’t offer advice, and she’s done a great job of organizing the product around the action planner. This includes dispute assistance, the debt eliminator, a mortgage payment watcher and the InfoVault. The Dispute tool is neat as it has a simple process to generate a letter. The debt eliminator is a great tool to help you negotiate with credit card companies for better rates and develop an action plan.

Watch the video to learn more. See our other credit product reviews as well.