FICO score estimator is a fee tool that allows you to get a general idea of where your credit score may lie. It gives you an idea of the range of what your credit score might be such as 552-570 or 700-720.

FICO credit estimator is a free service that is available on the website of myFICO.com and even though it is a tool that you might find on other websites it is still powered by myFICO.com.

Since this tool is based on the actual FICO credit score calculation model it tries to review your credit score by asking you questions pertaining to the factors that are usually taken into consideration by the FICO credit score model to calculate your credit score. Questions like whether you have ever been late on a credit card payment, how many credit accounts you have, different types of credit accounts, the length of your credit account etc. are asked in order to calculate a consumer’s credit score. These questions are very much the exact information that is considered the actual FICO credit scoring model. Depending upon what you answer for one particular question they might be other follow up questions. Since the person cannot be expected remember all the details about his credit history it is a good idea to have recent copy of your credit report at hand before using FICO credit score calculation.

The FICO credit score estimator will only give you an estimate of where your credit score may stand and will only be as accurate as the answers to your questions that are asked of you. The more accurate and detailed information that you are able to provide to the FICO score estimator the closer it will be in its estimate of your credit score.

While it is a handy tool to use for many people, you are advised to order your actual FICO credit score when you are planning to apply for a major loan such as a mortgage loan or an automobile loan from myFICO.com. You may also consider ordering and the credit score that your lender keep uses as that will give you a more accurate idea of how your credit application will look to the lender.