What to Know About myFICO Forums

Michael Collins
May 06, 2021

Let’s face it; credit can be confusing. There are so many things that go into your credit score and it can be difficult to know what improves your score and what makes it down. To make it even worse, there is so much information on the internet that it can be overwhelming to try to learn about your credit rating. Further, you might have questions about your credit that you can find answers to on any articles. 

Thankfully, online forums like myFICO forums provide a solution. Online forums like this are a place where hundreds of thousands of people gather to ask questions, answer questions, and share ideas and tips. Chances are, if you have a specific question, someone in the forum has an answer! Online forums like myFICO forums are a great way to get your questions answered and to read about others’ experiences that can help you along your own credit journey. 

What is myFICO?

FICO is the Nike, Amazon, or Apple of credit scores. FICO is the company that provides the FICO credit score that 90% of all lenders use. Anytime you hear the term “credit score”, it is likely referring to FICO’s credit score. This score is a 3-digit number that ranges from 300-850  that represents your overall creditworthiness. The FICO score is made up of 5 factors that include your payment history, your credit utilization, the length of your credit history, your credit mix, and new credit. All of these factors combine to make your credit score that lenders can use to quickly determine how trustworthy you are with debt. 

myFICO is a specific sub-division of the FICO that is more tailored towards consumers. myFICO provides customers with a variety of services that are made to help customers keep track of their credit scores, learn about their credit scores, and learn how they can be improved. With myFICO’s product, you can also get constant updates on your credit, (which you can’t with any of the credit bureaus without paying extra), see any changes that have been made to your credit, detect any threats to your identity, as well as recover from identity theft should that happen. myFICO also offers a way for customers to make credit score goals and to monitor their progress. 

If you are constantly worried about your credit score and are making a serious effort to improve it, myFICO can be a great service for you. Compared to the credit bureaus, myFICO offers a more holistic way of taking care of your credit score. Overall, myFICO is a one-stop shop for monitoring your credit score.

However, these features of myFICO are not the only benefits of using myFICO. myFICO also has an online community called “myFICO Forums” that provides a place for hundreds of thousands of people to discuss their ideas online as well as share advice and tips for how to improve your credit and find financial independence. Let’s take a deeper dive into myFICO’s forums. 

What are myFICO Forums?

myFICO Forums is a credit repair forum that includes hundreds of thousands of users. This forum is a giant community that is full of people looking for help with their credit as well as people that are looking to help people with their credit journey as well as share their successful experiences and strategies for building credit. This forum is also an official forum for FICO where specific questions about how FICO works and other general questions can be answered by individuals and by FICO themselves.

myFICO Forums has nearly 300,000 members and the forums collectively have over 4.5 million posts! This makes myFICO Forums one of the largest credit forums and can serve as a great place for your thoughts, ideas, and questions to be seen by thousands of other people. 

Using myFICO Forums is part of the product that myFICO offers. This unfortunately comes with a cost, which we will dive into later. 

myFICO Forums is divided into 5 topics. These topics are “Welcome to myFICO Forums”,  “FICO Scoring and Other Topics”, “Types of Credit”, “Bouncing Back from Credit Problems”, and “This ‘n’ That”. Together, each of these 5 topics is divided into sub-forums where specific topics and questions are discussed. In total, there are almost 30 different sub-topics where thousands and thousands of people are active. At any given time, there can be thousands of people that are online. 

Let’s take a deeper look at these sub-forums. 

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myFICO Forums Sub-Forums

Welcome to myFICO Forums

Online forums are often more complex than they let on. Many of these forums can be hard to navigate and have a long list of rules, restrictions, and guidelines that the owners of the forum want you to follow. As such, many of these forums have a sub-forum that discusses many of these topics. 

This specific sub-forums purpose is just that. This group features 3 sub-forums that are dedicated to informing people that are new to the forum as well as outlining guidelines. The three forums in this group are “User Guidelines and Information”, Community Feature FAQs”, and “Take the myFICO Fitness Challenge!” If you have any questions about the forum, they can likely be answered in one of these three forums. 

FICO Scoring and Other Topics

This section has 5 sub-forums that are mostly dedicated to explaining FICO credit scores and credit in general in more detail. Sub-forums like “Understanding FICO Scoring” can help users get more information on what exactly makes up their credit score as well as have their questions answered by FICO themselves. 

Other sections like “General Credit Topics” and “Personal Finances” are more general topics. These forums are full of important information and tips from users that relate to things beyond your credit score. Even if you don’t have trouble with your credit score, this can be a great place to get your questions answered as well as learn from other people in the forum. Each of these sub forums has over 200,000 posts which makes them some of the larger forums on myFICO Forums. 

Types of Credit

“Types of Credit” is the section on myFICO Forums that contains the most topics and also has the most posts. With 7 different topics, this section is the best place to have many of your credit questions answered. 

Topics like “Credit Cards” have over 1 million posts while “Credit Card Approvals” has over 700,000. Overall, “Types of Credit'' is very informative when it comes to debt such as credit cards and loans. If you are having trouble with debt or just want to learn more, this section is for you. 

Bouncing Back from Credit Problems 

This section is mostly dedicated to repairing your credit score if you have encountered some problems in the past. Your credit score is very difficult to maintain, and there is a chance your credit is not where you want it to be at the moment. Whatever credit situation you are in, this section can help you get back on track. 

This section consists of two topics, one of which is a general topic that is focused on tips and tricks for rebuilding your credit score. The second is tailored towards bankruptcy. These two topics together offer a support base to discuss how to overcome challenges like bankruptcy and how to get your credit score where you want it to be. Many people in these forums have gone through the same struggles you might be going through, so it can be very beneficial to get their two cents. 

This ‘n’ That

This ‘n’ That is a miscellaneous selection that includes topics that do not fit under any of the other sections. This section has the least amount of posts and active viewers, as many of the topics under this section do not really benefit the reader as much as some of the other ones. 

Topics like “Credit CARD Act” can help to clarify important rules and regulations around credit but other topics like “product feedback” don’t really stand to serve the readers. 

Pros and Cons of myFico Forums

There are tons of credit forums out there, so why should you use myFICO’s forums? Let’s look at some of the pros and cons of these forums so you can decide for yourself! 


  • Get helpful advice: Chances are, you do not have a Master’s degree in all things credit-related. As you probably already know, there is always something to be learned when it comes to your credit and understanding your credit report. Other people across the country have had many different experiences than you and they have advice that could be very helpful to you. Reading the experiences and the tips and tricks to better understand the ins and outs of credit data on this forum can be a great way to improve your credit habits. 
  • Ask personalized questions: While there is tons of information on the web about credit and how to increase your credit, you still probably have some unanswered questions, such as applying for a loan with a bad credit score. You may have questions that you can’t find answers for in any articles. If so, these forums can be a great place to ask your questions. With the thousands of people that are reading these forums, your question will be seen by a huge number of people. Chances are, someone seeing your post has had a similar experience to you or knows the answer to your specific question. Overall, this forum is a great place to come to with your unique questions. 
  • Get a variety of other services: The myFICO service you buy to have access to the forums comes with tons of other services. In fact, the forum is arguably the smallest part of this service. As we mentioned earlier, the services that come with the myFICO product allow you to constantly check your credit score, monitor changes to your account, and to stop identity theft in its tracks. The forums along with the rest of the product can be a great purchase for you if you have a bad credit score and are looking to get back on track. 


  • Expensive: The glaring disadvantage of this forum is that it costs money. Not only does it cost money, but it is very expensive. While you do get other features in addition to this forum, the cheapest plan is $20 a month. If you’re just looking to be able to use the forums, you’ll be down $240 a year just to use it! While this forum is good, it is in no way far superior to many of the other online credit forums on the internet. Put earnestly, unless you are planning on getting the most out of the other services myFICO provides, you are better off just using a free online forum to find your information. 

Alternatives to myFICO Forums

Because of the cost, myFICO Forums might not be for you. Let’s look at a couple of alternatives to this forum if you aren’t looking to cough up the cash to use myFICO. 


As we discussed in our “Best Credit Repair Forums” article, Reddit has a series of forums that are full of active members and are great for asking questions and learning new things. Reddit also has forums that are much more specific to some of the myFICO Forums and there are also more people online in these forums. 

Forums such as r/PersonalFinance and r/CRedit and r/CreditRepair are full of hundreds of thousands and even millions of members and can answer many of your difficult questions. Unlike myFICO Forums, it’s also free!

Possible Finance Resources 

Here at Possible Finance, we don’t just offer an awesome credit-building product via our convenient app that customers with poor credit can use to build credit history, we also work very hard to educate our customers, both old and new.

While we don’t provide online forums (yet), we provide some of the most in-depth and informative articles on everything from credit cards and payday loans to vacation loans and budgeting apps! Overall, we feel that if you have a question about credit or personal finances we have an article for it.

Our goal at Possible is not just to give our customers a chance at financial independence but to also educate them on the oftentimes difficult aspects of credit. 

As the old adage goes, “Give a man a fish, feed him for a day. Teach a man to fish, feed him for a lifetime.” Check out our blogs and let Possible teach you how to fish (metaphorically of course)!

Michael Collins

Michael has a passion for writing and has since brought that passion to Possible. He enjoys reading everything there is to know about film, sports, and finance. His studies in college allow him to be on the forefront of business knowledge so he can better inform his readers.

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