07.21.09 | Would You Rather Have a Higher FICO or SAT Score?
Your FICO score is more important than your SAT score. Ok, we could probably debate the merits of that claim, but the fact is that debate is worth having given how your credit score effects every major purchase in your life.
My Dad helped me build my credit when I was 18 by co-signing a $500 loan for me that I didn’t even need. He instructed me to make the monthly payment consistently to help build my credit, and even kicked in the extra $70 of accrued interest at the end. I didn’t appreciate what he was doing at the time, but two years later when I wanted to purchase a new vehicle I was able to secure the loan by myself. My credit history told the bank I was worthy and responsible. I was independent at 20.
Clearly establishing positive credit history is one of the most important things you can do for yourself, but if you don’t protect your FICO score all your hard work could be vanquished in an instant. That’s why myFICO Score Watch is so important. MyFICO Score Watch serves as your personal safeguard by alerting you immediately when there is a change or query into your credit.
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Great Article
July 22nd, 2009 | #
thats a good idea for parents to do
July 22nd, 2009 | #
Building credit is so important when going out into the real world. It is almost near impossible to get a car or an apartment without a credit score.
July 23rd, 2009 | #
Really good article
July 23rd, 2009 | #
Thats something new.
July 24th, 2009 | #
I agree, really interesting article.
July 24th, 2009 | #
I agree with Francisco, this is an excellent idea for parents also. Nice article. thanks
z1×2z5
July 26th, 2009 | #
Good info!
July 31st, 2009 | #
Not a bad idea!!
August 1st, 2009 | #
informative article
August 7th, 2009 | #
A high FICO score is VERY important, yet it goes hand-in-hand with the SAT score (at least in my opinion). Great article, thank you!!!:D
August 7th, 2009 | #
my mom watches Suzie Orman all the time, and she talks about this. FICO scores are so much more important. Very interesting.
August 14th, 2009 | #
A good credit score is definitely important. Being a senior in HS, the SAT is more important to me right now.
August 19th, 2009 | #
A good credit score is important. With out credit you can’t get the loans to attend college, even if you have a high SAT
August 28th, 2009 | #
great article it gave me alot of good information
August 28th, 2009 | #
This point is very true. Without a good credit score you aren’t able to go very far.
August 28th, 2009 | #
I have a daughter in high school and she always asks about certain things in life. And one point i always drive home is never be late on any bills you have to pay
August 28th, 2009 | #
Having knowledge of what creditors look at is important in building an acceptable credit score
August 28th, 2009 | #
good info
August 29th, 2009 | #
SAT for me at the moment, I’m a senior – FICO next year.
August 29th, 2009 | #
I just asked my mom about that and she said that wouldnt be the best option for me but i thought it sounded like a good idea as well.
August 31st, 2009 | #
Yes one’s FICO score is important longterm & serious consideration needs to be given to maintain as perfect a score as is possible, since such affects all aspects of one’s financial life. But, the SAT score can initially determine both the college that one is accepted into & the levels of grants/scholarships applicable. Focus on achieving the highest SAT score first, then continue such focus on maintaining a high FICO score.
September 1st, 2009 | #
Sad, but true. Your FICO score will help you out in the long run more than SAT scores. Virtually anyone can get into college these days. But a good FICO score will help you obtain financing for college. Consider the student that doesn’t qualify for federal aid, has no cosignor, or good credit to qualify for a private loan? That’s where the importance of the FICO socre kicks in. And this is not an extreme situation, it happens everyday! Especially with the rising costs of college tuition.
September 3rd, 2009 | #
SAT scores were the most important until I was accepted into college. The FICO score is now and will be the most for the rest of my life.
September 3rd, 2009 | #
I would prefer to be an SAT score.
September 5th, 2009 | #
I would prefer to take the SAT because i think that it is more important for college acceptance.
September 5th, 2009 | #
Higher FICO is more important, you can always get in to a community college, do well, and transfer to another university….SAT scores do not count as heavily as a transfer student, but your FICO score not only influences ability to obtain loans, credit cards, etc…but your FICO score will affect you for the rest of your life
September 8th, 2009 | #
yes
i agree
September 10th, 2009 | #
to me sat courses were everything in high school, but that’s not entirely true because now that im in college i learned that you have to be a well rounded person to succeed in life.
September 12th, 2009 | #
Sound advice!
September 15th, 2009 | #
COOL… this article had me very intrested.. i wlways thought s.a.t’s were very important.. now i see FICO are more important
September 17th, 2009 | #
I will try that!
September 17th, 2009 | #
[...] your credit score is a hot topic these days. Several weeks ago I posted an article entitled Would You Rather Have a Higher FICO or SAT Score. And while the views were mixed on which was more important all agreed that both were equally [...]
September 22nd, 2009 | #
I don1t know about that.
September 28th, 2009 | #
I will try that. I think its an awesome idea.
October 1st, 2009 | #
I didn’t know any of this before reading it. Thanks!
October 7th, 2009 | #
haha “love my fico”
October 8th, 2009 | #
Interesting read.
October 11th, 2009 | #
I never knew that a FICO is more important than your SAT… I learned something new today.
October 14th, 2009 | #
What does this all mean?
October 15th, 2009 | #
i would want to have both of them pretty high….
October 15th, 2009 | #
I did not even know what FICO was until I read this. This is good info to know. Now I know how to establish good credit to become independent. The SAT is important only to apply for colleges, but FICO is significant for the rest of one’s life.
October 16th, 2009 | #
I dont understand
October 18th, 2009 | #
I dont completely understand either
October 19th, 2009 | #
I DID NOT KNOW THAT THANK FOR THE INFOR
October 21st, 2009 | #
That should be some kind of rite of passage for financial independence.
October 24th, 2009 | #
I will talk to my parents about that. Right now I need to focus on my ACT score.
October 24th, 2009 | #
This is a great article, and a great idea. I think that being able to enhance your credit score at an early age will help you later in life.
October 26th, 2009 | #
IS REALLY WOULD LIKE TO HAVE HIGH MY SAT SCORE HIGH
October 28th, 2009 | #
wow…. Thats very helpful…. My parents and I should do thats… Great info
October 29th, 2009 | #
I agree that building and maintaining your credit is very important- especially if you intend to own property such as a house or a buisness
October 29th, 2009 | #
You have a smart and good dad who was willing to go to the extra step to help you out.
October 30th, 2009 | #
i totaly agree
November 3rd, 2009 | #
I agree also!
November 3rd, 2009 | #
and i thought my SAt scores were important!
November 6th, 2009 | #
i always knew SATs werent all that
November 6th, 2009 | #
good info.
November 8th, 2009 | #
wow. you learn something everyday.
November 9th, 2009 | #
GREAT ARTICLE……..ITS GOOD INFO.
November 11th, 2009 | #
That is so true.
November 12th, 2009 | #
This is a great article. I never knew how important building credit could be up until now. I have to honestly say it is more important than your SAT scores.
November 12th, 2009 | #
NO NO NO!!!!!! What is wrong with you people?!?!?! A FICO is nothing!! All it is is an I love debt score. If you have a FICO score that means you have or are currently in debt!! The SAT score is way more important.
November 13th, 2009 | #
i dont understand and had no idea what fico was
November 16th, 2009 | #
I really didnt know nothing about this before today….
November 18th, 2009 | #
it is great
November 18th, 2009 | #
it is important to have a credit history, without credit you have very little options
November 19th, 2009 | #
grat information
November 20th, 2009 | #