What Is A Fico Score?
Posted on February 12, 2008 - Filed Under Finance | Leave a Comment
The FICO score is a number that rates people according to their credit worthiness by the Fair Isaac Corporation, the largest credit scoring company in the world. Fair Isaac Corp. compiles the data that the three nationwide credit reporting companies, Experian, Trans Union, and Equifax list, into a proprietary, numerical formula that ranges from 300 to 850. That number is used by lenders of all types to judge a person’s credit worthiness when deciding to issue new credit to a consumer.
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