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FICO® Score Decisions - Video Series

Understanding your credit report

Understanding your credit report from myFICO on Vimeo.

Credit reports are the foundation of your FICO Scores, but what are they exactly? Watch this video to find out which information on your credit reports does and doesn't impact your scores. Plus, see how checking your credit reports for accuracy can help you protect against potential identity theft.

What is a FICO® Score?

What is a FICO Score? from myFICO on Vimeo.

Every day, thousands of U.S. lenders use FICO Scores to make more well-informed credit-granting decisions. But what does that mean for you? And why is it important to understand how lenders use them?

This video takes a look at what a FICO Score is and why it matters to consumers and lenders alike. Watch to learn how FICO Scores streamline the lending process, making it faster and fairer for you.

What goes into FICO® Scores?

Whether you’re applying for a credit card, mortgage, or auto loan, there’s a good chance your lender is using FICO Scores to help make their approval decision. The good news is, your FICO Scores are ultimately in your hands—they’re based on your credit habits and behaviors.

That’s why understanding what goes into your FICO Scores is a vital part of your credit health. Watch this video to learn the five key categories that factor into your scores.

Which Credit Scores Matter?

Which Credit Scores Matter from myFICO on Vimeo.

If you're considering financing or a new loan, you'll want to first check your credit report & scores. But there are a lot of options out there in terms of credit scores. Some are free, some are on different scales and all of them claim to be the only credit score you need. It can be really confusing but it doesn't have to be. Watch the video to learn why FICO® Scores are the only scores that matter.

How do lenders use FICO® Scores?

How lenders use FICO Scores from myFICO on Vimeo.

How do the 90% of top lenders in the US use FICO Scores? They use them in a number of ways that matter to you. Watch this video to learn how lenders use FICO Scores to help determine your credit health and make lending decisions.

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Redwood Credit Union and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. Redwood 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.

FICO® Score and associated educational content are provided solely for your own non-commercial personal review, use and benefit.