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FICO stands for Fair Isaac Company, the company that created--and computes--this credit score. Although other companies also compute credit scores, FICO is the most trusted, and most used, score.

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Which FICO score does FHA use?

You answered your own question, the scoring model they use is your FICO score, not your FAKO score which it is called when you purchase your score from one of the big 3, that scoring model is called Advantage.


What does tod bank charges stand for?

TOD is an acronym that many banks use that means Temporary Overdraft. This happens when an account does not have enough money. The account will then be overdrawn.


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 is a FICO Score different from a Credit Score?

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.


What exactly is a free fico score?

A FICO score is based on your credit rating and is a tool for creditors to decide whether to give credit to a person or company. There are sites that offer your credit report and FICO score for a charge and others that offer them for free.

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