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.
myFICO Score Watch Benefits
- Monitors important changes to your FICO
- Provides timely alerts when important changes are detected
- Easy-to-read view of how lenders see you and items affecting your score
- Alerts you when you might qualify for better interest rates on loans
You can never have too much protection. Find out what all the hype is about with a 100% Risk-Free 30-Day FREE Trial!
ScholarshipPoints bonus code worth 15 points is: LOVEMYFICO.
5 Most Recent Student Credit Card Blog Posts:
The Student Credit Blog is sponsored in part by:
interesting if you think about it. thanks for letting me know about this.
very good info. i found this to be very useful
AGREE
kewl
Interesting stuff.
i’ve never heard of FICO before. interesting information. although, i prolly won’t be piling up any FICO points since i don’t plan on getting any credit cards
Yeah I definitely would make sure to keep a good credit history, it’s extremly important.
Nice articles it was interesting i understood bearly all writen,thanks.
I would have to say my SAT scores are more important, because well, I don’t have a credit card.
I had not thought of that but is a great way to help your child (or yourself) build your credit FICO. ‘Cause without it – it will be very hard to buy a car, a house, etc. – unless you are rich & pay cash!!!
Or do like me – use one credit card, charge groceries, etc. – keep your receipts so you know how much you owe THEN pay off monthely – no interest fees!
building credit is very important
good information
huh? never thought of that…
This is so important
Yeah, I see how that is important, but I think the SAT would be more important then the FICO because if you have passed all your classes, then you have all the credits that you need, and on every college application it says SAT/ACT score, not FICO score, so since I wan’t college, I believe that the SAT is more important
I completely agree. Haha…I think my SAT score were worthless I did fine and they didn’t mean a thing in the end. However my credit score will be the difference of me being able to someday by a house or an apartment on my own someday. So why don’t they tell us this stuff in school? They have SAT prep classes but no credit or finace classes, how lame.