Monitor your FICO® score and Equifax credit report™ with Score Watch, the only FICO® score monitoring product on the market. Score Watch provides you with daily monitoring of your score and report, notifies you when you qualify for better interest rates, delivers instant alerts when changes are detected in your score and report and shows you key factors affecting your FICO® score and how a lender views you.

Instant Online Access

Your score of 707 is slightly below the average score of U.S. consumers, though most lenders consider this a good score. Based on your score alone, you might expect the following:

• A wide array of loans and credit products will likely be available to you.
• Most lenders will consider offering you very competitive rates and terms on loan products.
• Some lenders may require additional information, such as income or time at job, to help them more accurately set the terms of your loan product.

A good FICO® score can qualify you for cheaper interest rates on all kinds of loans. Shown here are the average interest rates now offered to consumers with your FICO® score. The interest rate you can receive may differ, however, because lenders look at other factors besides your score when deciding your interest rate.

A better FICO® score can result in huge savings on a new loan.

Take the example of borrowing $200,000 on a 30-year mortgage. If your score dropped from 707 to 510, you would pay $477 more each month in interest.

30 year mortgage
	Score	Rate
	760-850	5.767%
	700-759	5.782%
	680-699	5.960%
	660-679	6.002%
	640-659	6.431%
	620-639	6.940%
	600-619	7.471%
	580-599	7.733%
	550-579	7.984%
	500-549	8.353%

15 year home equity loan
	Score	Rate
	740-850	6.889%
	720-739	7.166%
	700-719	7.621%
	670-699	8.322%
	640-669	9.680%
	620-639	10.805%

48 month auto loan
	Score	Rate
	720-850	5.518%
	690-719	6.36%
	660-689	8.265%
	620-659	10.992%
	590-619	14.444%
	500-589	16.939%

Accurate as of June 15, 2006. Source: Informa Research Services

The reason consumers with good FICO® scores get better interest rates is because they pose less risk of missing payments or defaulting on a loan.

This chart shows that consumers with low FICO® scores have a high risk rate, and consumers with high FICO® scores have a low risk rate. The power of the FICO® score to predict which borrowers are risky and which are not is one reason why so many lenders use FICO® scores in making loan decisions.

Risk rate*

FICO® score range

* Defined as the percentage of borrowers who reach 90 days past due or worse (such as bankruptcy or account charge-off) on any credit account over a two-year period.