Credit Reports and FICO® Scores


When you apply for credit – such as a credit card, auto loan or mortgage – the company from which you are seeking credit checks your credit report from one or more of the three major consumer reporting agencies (CRAs). In addition to your credit report(s), they will most likely use a credit score, such as a FICO® Score, in their evaluation of risk before lending their money to you. There is more than one type of credit score, but FICO® Scores are used in 90% of lending decisions.

Each lender has its own process and policies for making decisions when reviewing a credit application. Most lenders consider a FICO® Score along with additional information, either from one or more of your credit reports or from supplemental information you provide with your application, such as your income.

When evaluating your credit risk, the items that lenders generally pay the most attention to are:

  • Your FICO® Score
  • Your payment history – to see if you have paid your bills on time
  • Your current debt – to see if you are able to reasonably take on more debt
  • Whether you have had any collection accounts
  • Any public records, such as bankruptcies, judgments and liens
  • The types of financing you have successfully managed
  • The length of your credit history
  • Recent activity, including new accounts and credit inquiries by other lenders
  • Your income – to determine your ability to make required payments*

Because FICO® Scores are based on the information in your credit reports, it is very important to make sure that the credit report information is accurate. You should review your credit report from each consumer reporting agency at least once a year and before making any large purchases, such as a home or car.

You have the right to obtain one free credit report each year from each of the consumer reporting agencies through Please note that your free credit report will not include your FICO® Score. is the ONLY authorized source to obtain your free annual credit report under federal law. 

To obtain your report do one of the following:

  • Visit to complete an online request form
  • Call 1.877.322.8228 and complete a simple verification process over the phone to request your report
  • Download a request form and mail it to:
    Annual Credit Report Request Service 
    P.O. Box 105281 
    Atlanta, GA 30348-5281

Beware of any other company or website that claims to offer free credit reports! Other websites that claim to offer “free credit reports,” “free credit scores,” or “free credit monitoring” are not part of the legally mandated free annual credit report program, and in some cases, the “free” product comes with strings attached, like hidden fees or subsriptions to unwanted services.


*Income, while used by many lenders in credit decisioning, is not included in the calculation of FICO® Scores.

Coors Credit Union and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act.  Coors Credit Union and Fair Isaac do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.