At Fido, we believe in financial empowerment. Your Fido Score is a key factor in determining your access to credit and better financial opportunities. Your Fido Scores ranges between 0 and 800, and the higher your score, the better your chances of unlocking larger credit limits and improved credit terms, such as lower interest rates.
Fido Score Tiers
Your Fido Score falls within one of the following tiers:
| Score | Interpretation |
| 0-250 | Bad |
| 251-500 | Fair |
| 501-660 | Good |
| 661-800 | Excellent |
How Your Fido Score Works
An initial Fido Score which varies per individual, is assigned prior to your first credit approval. This is based on the information you provide at the time of registration. Your score is not fixed. It can improve over time as we continue to assess your repayment behavior and account activity.
What Affects Your Fido Score?
Your Fido Score is influenced by several key factors:
- Payment History: Making your credit repayments on time positively impacts your score.
- Length of Credit History: The longer you’ve successfully used credit, the better it reflects on your Fido Score.
- By providing additional financial and personal information can help strengthen your score.
By managing these factors well, you can boost your Fido Score and unlock bigger credit opportunities.
How to Improve Your Fido Score
Improving your Fido Score takes time and consistency. Here are some steps to help boost your score:
- Pay your credit obligations on time.
- Keep your account information up to date.
- Demonstrate responsible borrowing habits over time.
- Provide additional financial and personal information.
Your Fido Score is designed to support your financial journey. By maintaining good repayment habits and using credit responsibly, you can improve your score over time and enjoy access to better credit opportunities with Fido.