How your FICO® Score is calculated
A FICO® Score is a three-digit number calculated from the credit information on your credit report at a consumer reporting agency (CRA) at a particular point in time. It summarizes information in your credit report into a single number that lenders can use to assess your credit risk quickly, consistently, objectively and fairly. Lenders use your FICO® Scores to estimate your credit risk—how likely you are to pay your credit obligations as agreed. And it helps you obtain credit based on your actual borrowing and repayment history.
If you have a Sallie Mae private student loan, you may have access to your quarterly FICO® Score for free.1 You’ll also have access to the key factor(s) affecting your score and information to help you understand why knowing your FICO® Score is important.
Log in to see your quarterly FICO® Credit Score for free.