Re: How Much Is A Credit Score (FICO) Worth?

abby wrote:
> Hi,
> 
> I just took advantage of a Massachusetts law that allows a free credit 
> re****t once a year.  Our re****t is clean and accurate but they do not 
> include the credit score, FICO.  The FICO is $7.95 from Equifax.  My 
> only concern is that we haven't had a loan since 1995 which I paid off 
> in a few months.  We are planning on buying a winter home when my wife 
> retires in four years.  With a clean history is the FICO useful now? 
Ever?
> 
> Thanks,
> Gary

Credit re****t is good, but does not tell the whole story. One can have 
no late payments, but have so little in the way of accounts that their 
score isn't as high as they'd think. I recently wrote that WAMU offers 
free access to one's FICO score on an ongoing basis for any of their 
card holders. And the card has no fee. If getting a new card is not 
attractive to you, just pay the $8, and get a peek at your score. If 
it's not all it should be, you have 4 years to work on it.

Joe
www.blog.joetaxpayer.com

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