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MyFICO Score Watch Helps You Stay on Top of Your Finances
By plrprousers | January 24, 2009
You have a very busy life. You need to keep track of so many things. Picking up your kids from school, going grocery shopping, paying your bills on time, getting enough exercise, are just a few examples of the complexities of life. How then are you supposed to do all that AND stay up-to-date with every aspect of your finances?
MyFico Score Watch helps you do just that by giving you one central and automated place to keep track of you FICO scores and your credit reports.
Score Watch Benefits:
- Score Watch automatically keeps track of your credit report on a daily basis and your FICO score weekly.
- Has the ability to alert you via email or even SMS when there is an unexpected change to your credit that would negatively affect your FICO score.
- Just set up a goal FICO score and MyFico Score Watch will send you and alert as soon as you’ve reached it. It will also alert you when you qualify for better interest rates
- Your membership with MyFico Score Watch® entitles you to two credit reports from Equifax yearly that you can review and save for future reference or to dispute incorrect data.
Why is it so important to keep track of your FICO Score?
Your FICO Score is how money lending agency like mortgage bankers and credit card companies rate you. The score is made up of many different data points and the resulting score dictates the interest rates you will have to pay on any money that is leant to you. If your score raises you should be entitles to a better rate and if your score drops you many get penalized.
What Exactly is a FICO Score?
There are many different things your FICO score is made up of and that My Fico Score Watch® monitors but a few of the most influential ones are:
- Payment history for any previous debt
- Amounts owed on current loans and credit cards
- Length of credit history
- New credit received
- Types of Credit Used
With all these factors it’s clear that you need help keeping up with all this information. Wouldn’t it be nice if you could just put all this reporting and tracking on autopilot? Well now you can with MyFico Score Watch®!
by Trent Goldenblum
Tags:credit cards,Credit Equifax,credit history,credit report,credit reports,credit score,Equifax,fico score,interest rates,Money Lending,Mortgage Bankers,Payment History,Target ScoreRelated posts
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