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Added June 1, 2010 from: Beverly Blair Harzog
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Answered By Beverly Blair Harzog:
  Your FICO score is calculated using the information in your credit reports. The credit reports come from three bureaus: Experian, Equifax, and TransUnion.

FICO scores range from 300-850, the higher the better. According to MyFico.com, your credit score is calculated using this ratio: 35% payment history, 30% amounts owed, 15% length of credit history, 10% new credit, and 10% types of credit used.

The national median FICO score is currently about 711 based on consumer credit reports at Equifax. However, a study by the FINRA Investor Education Foundation showed that more than 52 percent who have checked their FICO scores in the past 12 months had credit scores above 720.

This question is about:  Credit Scores / Reports
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