Your Fido Score is a tool that helps you unlock larger credit limits and improved credit terms from Fido. Your Fido Score is for your personal use only, and we will not share it with any third party without your consent. A higher Fido Score gives you access to even better offers from Fido.
How your Fido Score works
Before your first credit approval, we assign you an initial Fido Score based on the information you provide during your account registration. Over time, you can improve your Fido Score by timely payments of your credit and providing additional financial and personal information. These actions can help you qualify for higher credit amounts, longer repayment terms, and lower fees.
Actions that negatively affect your Fido Score
Your Fido Score is influenced by several key factors:
- Late or Missed Payments: Missing your credit payment deadlines has a negative impact on your Fido Score.
- Defaulting on credit: Failing to make payments for an extended period, leading to credit default negatively impacts your Fido Score.
- Inconsistent Payment History: Changes between paying on time and missing payments can affect your Fido Score negatively.
Click here to learn more about how to improve your Fido Score.
How to check and monitor your Fido Score
At Fido, we believe in transparency. You can check your Fido Score in the Fido app at any time. To see your Fido Score, login and scroll down to the Fido Score section on the Home Page to see your score. We update your score regularly based on your financial activity and credit repayment behavior. Keep an eye on your score and take control of your credit journey. With responsible borrowing and timely payments, you can grow your Fido Score and enjoy even better credit offers with Fido.
Please note that Fido will not share any information you provide us with third parties without your consent.