What is a FICO Score?

Written By Melissa Cook
Nov 16, 2022
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A FICO (Fair Isaac Corporation) Score is a measure of creditworthiness, calculated using information from the consumer’s credit report (what is a credit report?). This score ranges from 300 to 850 and is used by lenders and creditors to determine the likelihood that a consumer will repay their debts. It is important for individuals to regularly check their FICO Score and maintain a good credit history in order to have access to financial opportunities such as loan approval and lower interest rates. Improving one’s FICO Score can also help save money in the long run. It is important to monitor and manage your credit activity in order to maintain a high FICO Score.

What is considered a good FICO score?

Generally, a FICO Score above 670 is considered good, and a score above 800 is considered excellent. However, it ultimately depends on the individual’s specific financial situation and borrowing needs. Some lenders may have different requirements for what they consider a “good” FICO Score. It is important to research and understand the credit standards of potential lenders in order to set realistic financial goals. Keeping track of your credit activity and regularly checking your FICO Score can help you work towards maintaining a good or excellent score.

How to check your FICO score

There are several ways to check your FICO Score. One option is to contact the three major credit bureaus (Experian, TransUnion, and Equifax) and request a copy of your credit report from each bureau. The credit report will include your FICO Score as well as other important information about your credit history.

Another option is to sign up for a service that offers regular updates on your credit activity and FICO Score. It is important to note that some services may charge a fee for this service, so it is important to research and choose a reputable provider.

Additionally, many financial institutions offer free access to customers’ FICO Scores through their online accounts or mobile apps. Checking your FICO Score regularly can help you stay on top of your credit activity and work towards maintaining a good score.

It is important to note that there may be slight variations in the FICO Scores provided by different bureaus and services due to varying sources of information. It is recommended to check scores from multiple sources in order to get a more comprehensive understanding of your credit standing. Additionally, it is important to remember that checking your FICO Score does not affect the score itself. Checking your score regularly can help you monitor and manage your credit activity in order to maintain a good FICO Score.


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Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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