Consumers can find their Fair Isaac Corporation, or FICO, credit scores by buying them directly from the MyFICO.com website, reports the Consumer Financial Protection Bureau. Alternatively, they can obtain their FICO scores from credit reporting companies, free credit score services, credit card companies and nonprofit credit counselors. Consumers interpret the specific credit score number to assess the quality of their credit, with higher numbers indicating better credit, explains About.com.
Lenders consider FICO credit scores above 750 to be excellent, explains About.com. They interpret scores from 650 to 750 as good and scores below 650 as bad. Because various credit reporting companies and other agencies assess credit reports differently, consumers may have a number of diverse credit scores, points out the Consumer Financial Protection Bureau. FICO scores called educational credit scores may give consumers a general idea of what their scores are like.
Although the importance of various categories may vary among consumers, past credit payment history comprises about 35 percent of the total score, according to FICO. The amount consumers owe in their credit accounts indicates 30 percent of the score. How long consumers have held various accounts and how often they use the accounts is 15 percent of the score. The mix or variety of types of credit accounts a consumer has comprises 10 percent of the score, and the amount of new lines of credit counts for 10 percent.