By the thinking of some, FICO score is only relevant to potential borrowers residing in US and Canada. However, in my opinion, with the growing “virtual credit cardâ€? market of today this may no longer be the case. Since such credit facilities are easier and easier obtainable online, regardless of one’s country of residence, FICO score may soon become of much higher importance to most of us.

As most of you probably know, FICO score is an important measurement of your “financial fitness”. Your personal FICO score determines your risk profile should you apply for a new credit card or a loan. Higher your FICO score, more favourable treatment from the potential lender / credit card company you can expect.

With all that in mind, I made sure to carefully bookmark free FICO score estimator I came across few weeks ago (similar reports normally available for over $15). It was not until today when I finally decided to give it a try.

Upon entering all my details the tool presented me with an estimated score of 680-730 which appears to be in the upper middle area of available FICO range. As I don’t really need new credit card or any kind of loan I am ok with this result however, with my stringent personal financial rules and budgeting in place, I was expecting to do a tiny bit better.

Anyway, you can try it for yourself and let me know if you find the results satisfactory.

This entry was posted on Sunday, May 6th, 2007 at 6:19 pm and is filed under Miscalleanous, My View. You can follow any responses to this entry through the RSS feed. You can leave a response, or trackback from your own site.