Why Knowing Your FICO Score Matters

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www.fico.com ©2015 Fair Isaac Corporation. All rights reserved. ?!?! I THOUGHT I HAD A GOOD CREDIT SCORE! HMMM ....MY CREDIT SCORE LOOKS GOOD! CAN’T WAIT TO BUY MY NEW HOME! AT LAST! I FINALLY FOUND THE PERFECT PLACE! THE FICO® DIFFERENCE Learn the facts and protect yourself 1. CEB TowerGroup study, May 2015 I’M GLAD I GOT MY FICO® SCORE! BUT .... MEANWHILE... Annie always dreamed of buying her own home and finally found the perfect place after months of searching. She purchases a NON-FICO® SCORE and is confident she will get a loan due to the score she received. The NON-FICO® SCORE Annie received was DRASTICALLY DIFFERENT from her actual FICO® Score. ...instead of qualifying for a loan, Annie is shocked to find out that she’s DENIED Tom knew FICO® Scores are the most widely used credit scores– used in over 90% of U.S. consumer credit lending decisions. 1 ...Tom used his FICO® SCORE and was assured he qualified for the loan to his dream house since it’s the same score that LENDERS ACTUALLY USE.

Transcript of Why Knowing Your FICO Score Matters

Page 1: Why Knowing Your FICO Score Matters

www.fico.com©2015 Fair Isaac Corporation. All rights reserved.

?!?!I THOUGHT I HAD A GOOD CREDIT SCORE!

HMMM....MY CREDITSCORE LOOKS GOOD!CAN’T WAIT TO BUYMY NEW HOME!

AT LAST! I FINALLYFOUND THE PERFECT PLACE!

THE FICO® DIFFERENCELearn the facts and protect yourself

1. CEB TowerGroup study, May 2015

I’M GLAD I GOTMY FICO® SCORE!

BUT....

MEANWHILE...

Annie always dreamed of buying her own home and finally found the perfect place after months of searching.

She purchases a NON-FICO® SCORE and is confident she will get a loan due to the score she received.

The NON-FICO® SCORE Annie received was

DRASTICALLY DIFFERENT from her actual FICO® Score.

...instead of qualifying for a loan, Annie is shocked

to find out that she’s

DENIED

Tom knew FICO® Scores are the most widely used credit scores–used in over 90% of U.S. consumer credit lending decisions.1

...Tom used his FICO® SCORE and was assured he qualified for the loan to his dream house since it’s the same score that LENDERS ACTUALLY USE.