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Your FICO score is calculated by a computer algorithm that evaluates many sources and types of information on your credit report when you apply for credit. By analyzing the information and patterns in your credit profile to patterns in millions of past credit reports, your FICO score provides lenders a consistent and reliable assessment of how risky it may be to lend you money.

The FICO score has a range of 300-850, with 300 representing an extremely high credit risk and 850 representing an extremely low credit risk.

When a lender receives a FICO score, key “score factors” are delivered with the score. These key score factors are the top factors that affected the score. Credit Strong provides you with the top two factors that are currently impacting your FICO credit score.

FICO’s research shows that people with a high FICO score tend to:

  • Make all payments on time each month
  • Keep credit card balances low
  • Apply for new credit only when needed
  • Establish a long credit history

The following is a more detailed description of each category provided by FICO, with a detailed breakdown of each category. As you review this information, keep in mind that:

  • FICO scores take into consideration all of these categories, not just one or two.
  • The importance of any factor (piece of information) depends on the information in your entire credit report.
  • FICO scores look only at the credit-related information on a credit report.
  • FICO scores consider both positive and negative information on a credit report.

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Accountholders must be at least 18 years old and a citizen of the United States or permanent resident with a valid social security number. Applicants for accounts are subject to verification of identity. A valid bank account or debit card account are required for payment. All loans are subject to consumer report review and approval.

Credit Strong is NOT a credit repair service and does not remove negative credit history from your credit profile. Disclaimer: Credit profile improvement is not guaranteed. Changes in your credit score reflect individually specific financial behavior and history. Failure to make minimum required loan payments on-time may result in your loan payment(s) being reported as delinquent to credit bureaus which may negatively impact your credit profile.

Testimonial Disclaimer: Individual results may vary. Unique experiences and past performance for individuals do not guarantee future results for other individuals. Testimonials may not be representative of all individuals and certain individuals may have inferior results than indicated in testimonials.

Credit Strong® is a registered trademark of Austin Capital Bank SSB. FICO® is a registered Trademark of Fair Isaac Corporation. Austin Capital Bank SSB. Member FDIC. Equal Housing Lender. © 2019 Austin Capital Bank SSB. All Rights Reserved.