Q&A: FICO Fitness Challenge for 2012

by ‎02-03-2012 03:51 PM - edited ‎02-03-2012 03:51 PM

Q:  What is the FICO Fitness Challenge?

A:  Now in our third year, the FICO Fitness Challenge is an annual proclamation by myFICO Forums members, declaring where they want to see their FICO scores in the coming year.  FICO Fitness Challengers announce their starting FICO scores, current scores, goal scores, and how they intend to reach their FICO goals.  Over the past couple of years, more than a thousand myFICO Forums members have found the FICO Fitness Challenge to be a great way to hold themselves personally accountable and stay on course toward better financial health.

 

Q:  How do you enter the FICO Fitness Challenge?

A:  It’s simple:

    • Sign in to the myFICO Forums using your myFICO login or create a new one by signing in at the top of any myFICO Forums page.
    • Set up your official FICO Fitness Challenge logo signature.
    • Go to Take the FICO Fitness Challenge for 2012! where you'll click "Reply" and tell the community a little about your financial situation, your present scores, goal scores, and how you plan to get there.

Q:  What do you win?

A:  By taking the FICO Fitness Challenge, you can expect to receive:

    • More than $50,000 over the life of a $300,000 30-year mortgage by seeing your FICO scores go from 650 to 700
    • More than  $6,000 over the life of a $20,000 5-year auto loan by seeing your FICO scores go from 600 to 700
    • A feeling of personal accomplishment and the satisfaction of knowing you’re well on your way to better financial health.

 

Good luck, FICO Fitness Challengers!