What is myFICO and how does it work?

myFICO is a trusted platform that provides consumers access to their credit scores and credit reports from the three major credit bureaus. It uses the FICO scoring model, which is widely used by lenders to make credit-related decisions. myFICO derives credit scores based on an individual's credit history, payment patterns, debt levels, and other factors. To get started, users must sign up and choose a subscription plan. They then need to verify their identity and gain access to their credit reports and scores. myFICO offers various additional features, including credit monitoring, which alerts users to changes in their credit profiles. It also provides tools and resources to help users understand and improve their credit scores. The platform helps users gain insights into their creditworthiness and empowers them to make more informed financial decisions.