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FICO stands for Fair Isaac Corporation, which is a company that calculates the credit score that most creditors use to determine your creditworthiness. So, your FICO score is a type of credit score. They use the information that each of the three credit bureaus (Experian, Equifax, TransUnion) possess on each consumer, and they turn that information into your FICO score. However, there are many other companies, including the credit bureaus themselves, the create their own versions of your credit score, and these scores are often different than your FICO score, since they are not using the same mathematical calculations to come up with your score.
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Is FICO score and credit score the same thing?
IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?
Is FICO the only credit score company?
No Fico is not the only credit score company. There are three major credit companies as well as Fico. Experian, Equifax and Trans-Union. Each one will give you a different credit score as well
Which credit score is used by lenders most frequently?
Mortgage companies use your FICO score, Credit card companies use you Advantage Score which is a different scoring formula from FICO
How can a FICO credit score be obtained?
A FICO score is obtained with information taken from a person's available credit information. The score is sold by the FICO Company to interested financial institutions.
What is max credit score?
The maximum credit score based on FICO is 850.
Is FICO score and credit score the same thing?
IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?
Is FICO the only credit score company?
No Fico is not the only credit score company. There are three major credit companies as well as Fico. Experian, Equifax and Trans-Union. Each one will give you a different credit score as well
Which credit score is used by lenders most frequently?
Mortgage companies use your FICO score, Credit card companies use you Advantage Score which is a different scoring formula from FICO
How can a FICO credit score be obtained?
A FICO score is obtained with information taken from a person's available credit information. The score is sold by the FICO Company to interested financial institutions.
What is max credit score?
The maximum credit score based on FICO is 850.
What are the 3 credit agencies that make up the FICO score?
Credit bureaus don't make up a FICO score. FICO score are based on the information on a consumber's credit bureau file. There are 3 credit bureau's are: Equifax Trans Union Experian
Where could one get a free Fico credit score?
Fico credit score can be found at MyFico. In there one can get information about his credit score as well as about his credit reports, all onine. The use of the site is for free.
How would one go about buying credit scores?
One has to purchase their credit score which is different from a credit rating. The credit score is purchased from FICO which is the only place to buy if from so you do not get two different scores.
How does 753 fico score rank?
would a credit score of 753 be considered a good credit score?
What does a 331 FICO score mean?
A 331 FICO score means in plain english---You have horrible credit. You can`t even get bubblegum on credit :P
If you reduce your credit limit on a credit card does it affect your credit score?
yes, it will lower your FICO score.
How credible is a free fico score?
If you're looking for a free fico credit score, online is not the safest way to do it. Sure, some of them are legit but some are not. However, the free fico credit score site is verified by trusted publishers.
