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FICO Score

Get your FICO® Score for free, updated quarterly, using the UFirst mobile app.

Enjoy another great feature to make it easier for our members to understand their credit standing. Just another reason why, it's better here.

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Steps to accessing your FICO® Score


What are FICO® Scores?

FICO® Scores are the most widely used credit scores. Each FICO® Score is a three-digit number between 300 and 850, calculated based on the data on your credit reports at the three major consumer reporting agencies— Experian, TransUnion and Equifax. Your FICO® Scores predict how likely you are to pay back a credit obligation as agreed. Credit scores matter when you seek a loan, as it will affect variables such as your interest rate and loan terms, helping lenders quickly, consistently, and objectively evaluate potential borrowers’ credit risk.

Why does UFirst offer FICO®  Scores?

Nearly all U.S. lenders, including UFirst Credit Union, use FICO® Scores, as the industry standard for determining credit worthiness. Reviewing your FICO® Scores can help you learn how lenders view your credit risk and allow you to better understand your financial health.

What goes into FICO®  Scores?

FICO® Scores are calculated from the credit data in your credit report. This data is grouped into five categories; the chart below shows the relative importance of each category.

Infographic explaining how a FICO score is determined.

  1. Payment history (35%)
    Have you paid past credit accounts on time? These accounts include credit cards, loans, and retail accounts.
  2. Amounts owned (30%)
    How much debt do you have? This is based on the balance you carry on your accounts as a whole.
  3. Length of credit history (15%)
    How long have your accounts been open? An extensive credit history will typically increase your score.
  4. New credit (10%)
    How many accounts have you recently opened? This is the frequency of credit inquiries and new account openings. When you open several accounts in a short period, this generally translates to greater risk.
  5. Credit mix (10%)
    What type of credit accounts do you have? This relates to your mix of retail accounts, credit cards, finance accounts, mortgages, and installment loans. It is not necessary to have one of each.

What is considered a good FICO® score?

A "good" score will depend on who the lender and institution are. Scores between 670 and 739 are typically considered good. However, one auto lender may offer low-interest rates to those with FICO® Scores above 680, whereas another may require a score of 730.

Why is my FICO® Score important?

Benefits of accessing your FICO® Score include:

UFirst Credit Union strives to help you develop and maintain your financial well-being, which is why we showcase your FICO® Score. When you are aware of your FICO® Score, you can actively achieve your personal goals. Understanding where you fall on the credit score range will help you plan in terms of your creditworthiness.

What’s required to obtain my FICO® Score?

For a score to be calculated, your credit file must contain:

  1. A minimum of one account that has been open for six months or more
  2. A minimum of one account that has been reported to the credit agency within the last six months
  3. No indications of someone being deceased on your credit file (this relates to incidences when you are sharing an account with someone)

You may not have a FICO® Score available if:

What are score factors?

Score factors are delivered with a consumer’s FICO® Score, these are the top areas that affected that consumer’s FICO® Scores. The order in which the score factors are listed is important. The first factor indicates the area that most affected the score and the second factor is the next most significant influence. Addressing these factors can benefit the score.

Why do lenders want to know my FICO® Score?

When a lender asks for your FICO® Score, they are gauging your credit risk. This score provides a quick and consistent overview that assists their assessment. This score provides insight into how likely it is you'll stick to your financial obligations based on what you have borrowed and paid back.

Do inquiries impact my FICO® Score?

Yes, but only hard inquiries, which are voluntary during the application for credit. These typically have less of an impact on your score than amounts owed, late payments, and your overall credit history.

Will receiving my FICO® Score impact my credit?

No. UFirst Credit Union union offers your FICO® Score as a free benefit, it will not impact your credit.

Why is my FICO® Score different than other scores I’ve seen?

There are many different credit scores available to consumers and lenders.  FICO® Scores are the credit scores used by most lenders, and different lenders may use different versions of FICO® Scores.  In addition, FICO® Scores are based on credit file data from a consumer reporting agency, so differences in your credit files may create differences in your FICO® Scores. 

Are there other variables that determine whether I get credit?

Your FICO® Score alone will not determine whether you get credit or not. Lenders will also consider your employment history, credit history, and amount of debt you can likely handle based on your current income.

Why do FICO® Scores fluctuate/change?

There are many reasons why a score may change.  FICO® Scores are calculated each time they are requested, taking into consideration the information that is in your credit file from a consumer reporting agency at that time. So, as the information in your credit file at that CRA changes, FICO® Scores can also change.  Review your key score factors, which explain what factors from your credit report most affected a score.  Comparing key score factors from the two different time periods can help identify causes for a change in a FICO® Score.  Keep in mind that certain events such as late payments or bankruptcy can lower FICO® Scores quickly.

Does negative information go away after a certain period of time?

Although there are differences based on the type of information recorded, here is how long you can expect negative information to remain on your credit file:

Late payments – 7 years
Bankruptcies7 years for a completed Chapter 13, 10 years for Chapters 7 and 11
Foreclosures7 years
CollectionsTypically 7 years, depending on the age of the debt
Public records7 years in most cases, although unpaid tax liens can remain on your file indefinitely

How do I check my credit report for free?

You may get a free copy of your credit report annually from each of the three major consumer reporting agencies. Because your FICO® Score is based on the information in your credit report, it is important to make sure that the credit report information is accurate. Please note that your free credit report will not include your FICO® Score.

To request a copy of your credit report, please visit:

How often will I receive my FICO® Score?

Program participants will receive their FICO Score updated on a quarterly basis, when available.

Why is my FICO® Score not available?

• You are a new account holder and your FICO® Score is not yet available
• Your credit history is too new
• You are not the primary account holder 

To Maintain a Healthy Score, Keep the Following in Mind

Have more questions? Need financial advice?

Below are additional resources to better understand your FICO® Score.

What is a FICO® Score?
Frequently Asked Questions About FICO® Scores
Frequently Asked Questions About FICO® Scores (Spanish)
Managing Your FICO® Scores
Understanding Your Credit Report
What goes into FICO® Scores?
How lenders use FICO® Scores
Which Credit Scores Matter?
FICO® Score Educational Videos
Additional FICO® Score Information

For general questions or to get started today, contact UFirst Credit Union!

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