My FICO Score? Hey! There’s an App for that- NOT!
Thanks to those friendly people at FICO (you know, the score used to tell you the “guaranteed” Gold/Optimum/Black/VIP credit card offer you received in the mail just isn’t going to happen) you now can now get a FICO score estimate right on your iPhone, anytime! And I quote their site- “and it’s fun to boot!”
Yep, all you have to do is download the app on the iTunes store, and Voila! You can eliminate that scary uncertainty of not knowing where you stand in your all-encompassing “FICO score”. Now, you can go shopping for that new home with the assurance that you know you will qualify for that low-rate mortgage due to your excellent credit score!
Now’s the part where it’s important to pay attention…
Remember the phrase “garbage in/garbage out”? This program asks you questions relating to your credit, and then gives you a FICO score based upon your answers. In other words, the score is not based upon your actual credit profile as compiled by the “Big-3″ credit companies of Experian, TransUnion and Equifax. Nope! The score they give you is entirely based upon your knowledge of your credit profile.
This is a “fun” little app, I suppose. If you mean fun in that it gives you a false feeling of knowing 
what your FICO score is. If by fun you mean running all over town looking for your dream home, only to find out you don’t qualify when you actually go to the lender.
DO NOT MISTAKE THIS FOR YOUR ACTUAL CREDIT SCORE!
If you really want to know what your FICO score is, go to the websites for the 3 bureaus listed above and BUY your score along with the reports showing those creditors and accounts that affected this score. Usually you’ll be surprised by errors on these reports, and you can get them corrected before you start shopping for your new home or current home’s refinancing.
