On FICO reports, you're given four general reasons, in descending order, for why your score is less than perfect. I also lost points for carrying ''high balances'' on my cards. FICO noticed a plane ticket, newly charged to American Express. That ticket must have counted against my score, said Tom Quinn, director of consumer initiatives at Fair, Isaac. The reasons for losing points will look odd to high scorers, he said.
High scorers get loans on the best available terms.
Experian also intends to offer credit scores by phone. At Trans Union, scores are supposed to be available this summer. The credit bureaus see your interest in credit scores as a marketing opportunity. When you hit the Web sites, you'll be pelted with offers for credit services. I'm all for a better understanding of credit scores.