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.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.