Frequently Asked Questions
- About MIT FCU
- Account Questions
- ATM Questions
- Checking Questions
- Credit Report FAQs
- Credit Score FAQ
- Credit vs. Debit, What's the Difference?
- Debit Card Questions
- Financial Literacy Questions
- GAP Protection and Credit Life & Disability Insurance
- General Product and Service Questions
- Home Banking Questions
- Loan and Credit Questions
- Miscellaneous Questions
- Mobile Apps
- Parent FAQ
- Remote Deposit Capture (RDC)
- Roth IRA Questions
- Security Questions
- Share Certificates (CDs) Questions
- Student Loans
- Wallet Pay
Credit Score FAQ
It’s simple—pay all your bills on time.
Remember: You can’t... [Read More]
You'll receive your credit score when you request your free annual credit... [Read More]
Think of your credit report as a professor’s grade book—containing... [Read More]
According to FICO, if it does, it probably won’t drop much.
When... [Read More]
No. It’s a good idea to check your credit report regularly (www.annualcreditreport.com)... [Read More]
No. There are two main scoring systems: FICO (Fair Isaac Corp.) and VantageScore.
1. ... [Read More]
No. Lenders may use FICO scores, create their own scoring models, or ask FICO... [Read More]
Fair Isaac Corp. www.fico.com
Experian www.experian.com
Equifax... [Read More]
Fair Isaac has introduced the FICO Expansion Score, based on deposit account... [Read More]
Five variables affect your score:
1. Payment history (about... [Read More]
It’s a number that represents how likely you are to repay a debt based... [Read More]
A FICO score is a type of credit score developed by Fair Isaac Corporation to... [Read More]
A FICO score of 720 or higher typically means your credit risk to a lender or... [Read More]
Lenders, primarily. But other users include landlords, cell phone companies,... [Read More]
Your credit score affects a lot of important things, from finding a job to whether... [Read More]