FICO® Credit Score
It’s ok to keep score.
Reviewing your FICO® Credit Scores can help you learn how lenders view your credit risk and allow you to better understand your financial health.
What are FICO® Credit Scores?
FICO® Scores are numbers that summarize your credit risk. Scores are based on a snapshot of your credit file at particular consumer reporting agencies at a particular point in time, and help lenders evaluate your credit risk. FICO® Scores influence the credit that’s available to you and the terms, such as interest rate, that lenders offer you.
How do I get my FICO® Scores?
Members with a NextMark credit card receive their FICO® Scores on their credit card statement and online through AccessPoint, our credit card portal.
FICO® FAQs
FICO® Scores are calculated from many different pieces of credit data in your credit report. This data is grouped into five categories as outlined below:
35% Payment History
30% Outstanding Debt
15% Credit History Length
10% Pursuit of New Credit
10% Credit Mix
No. The FICO® Score we provide to you will not impact your credit.
FICO® Scores are based on the credit information in a credit file with a particular consumer reporting agency (CRA) at the time the score is calculated. The information in your credit files is supplied by lenders, collection agencies and court records. Not all lenders report to all three major CRAs. The FICO® Score that we provide to you is based on data from your Equifax report as of the ‘pulled on date’ shown with your score.
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 particular consumer reporting agency, so differences in your credit files may create differences in your FICO® Scores. The FICO® Score 5 based on Equifax data that is being made available to you through this program is the specific score that we use to manage your account. When reviewing a score, take note of the score date, consumer reporting agency credit file source, score type, and range for that particular score.
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 particular consumer reporting agency (CRA) 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.
You may opt-out of the FICO® Score program by selecting “Un-enroll from viewing your FICO® Score” found on the upper right hand side of the FICO® Score display page or you may call our Communication Center at 703-218-9900
Disclosures
FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.
The FICO® Score provided as part of this program is the Primary account holder’s score. Fairfax County Federal Credit Union and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. Fairfax County Federal Credit Union and Fair Isaac do not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history or credit rating.