What are FICO® Scores?
FICO® Scores summarize your credit risk. Scores are based on a snapshot of your credit file at particular consumer reporting agencies at a particular point in time, and help lenders evaluate your credit risk. FICO® Scores are used by lenders to influence the credit that's available to you and the terms for that credit, such as the interest rate.How are FICO® Scores calculated?
FICO® Scores are calculated from many different pieces of credit data in your credit file. This data is grouped into five categories as outlined below. The percentages reflect how important each of the categories is in determining how FICO® Scores are calculated.How often will I receive my FICO® Score?
Your updated FICO® Score 8 from Experian is obtained by PNC in managing your account and is made available to you on a monthly basis, when available.I don't see my FICO® Score when I log onto my account.
Your score won't be available if, for example:Will receiving my FICO® Score impact my credit?
No. The FICO® Score we provide to you is the one obtained for managing your credit card account and will not impact your credit.Where does the information used to calculate my FICO® Score come from?
The FICO® Score that we provide to you is based on data from your Experian credit file and is calculated as of the date shown with your score. Experian is one of the three major Credit Reporting Agencies. The information in your credit file is supplied by lenders, collection agencies and court records. Not all lenders report to all three major Credit Reporting Agencies. You have the right to obtain a free credit report annually from each of the three major consumer reporting agencies. To request a copy of your credit report, please visit: www.annualcreditreport.com.What are Key Score Factors?
When a lender receives a FICO® Score, "key score factors" are also delivered, which explain the top factors from the information in the credit report that affected the score. Knowing these score factors can help you better understand your financial health over time. However, if you already have a high FICO® Score (usually in the mid-700s or higher), score factors may not be as significant since they represent very marginal areas where your score was affected.Why is my FICO® Score different than other scores I've seen?
There are many different credit scores available to consumers and lenders. FICO® Scores are the credit scores used by most lenders, and different lenders may use different versions of FICO® Scores. In addition, FICO® Scores are based on credit file data from a particular consumer reporting agency, so differences in your credit files at each of the major Credit Reporting Agencies may create differences in your FICO® Scores. The FICO® Score 8 is based on credit file data from Experian. This is the score that we use to manage your credit card account. The FICO® Score 8 ranges from 300 to 850. When reviewing any credit scores, take note of the score date, consumer reporting agency credit file source, score type, and range for that particular score.How do I check my credit report?
Because your FICO® Score is based on the information in your credit report, it is important to make sure that the credit report information is accurate. You have the right to obtain a free credit report annually from each of the three major consumer reporting agencies. To request a copy of your credit report, please visit: www.annualcreditreport.com. Please note that your free credit report will not include your FICO® Score.Why are you providing FICO® Scores?
Understanding your FICO® Scores can help you better understand how lenders view your credit risk.FICO® is a registered trademark of Fair Isaac Corporation in the United States and other countries. PNC and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. PNC and Fair Isaac do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.