is the FICO credit score?
is a credit scoring method developed by Fair Isaac
& Co. A credit score is formula that produces
a number (your credit score) that tries to determine
the likelihood that you will repay the credit extended
a credit score boils your credit history down to a
single, solitary number!
started their scoring work towards the end of the
1950's and it is now widely used to gauge credit worthiness.
All of the major credit reporting agencies: Equifax,
Experian and Transunion, use FICO in their credit
FICO score different between the 3 major credit
reporting agencies because each agency probably
has different information about you. When you don't
pay a bill, a company may report you to Equifax, but
not Transunion! This will lower your Equifax score,
but not your Transunion score. I know it's crazy,
you actually have 3 credit scores!
credit scores are widely used in the mortgage lending
business when a potential buyer applies for a home
areas of your credit history is your credit score
can improve your
credit score by paying attention to the major
areas that affect how your credit score is calculated.
I have a page on tips about how
to increase your credit score.
out what your is on your credit report is one of the
most important things you can do, because even the
smallest mistake can cost you big money. When you
get a loan, one small error can mean thousands
of dollars in cost to you! There are 3 major credit
reporting agencies. It is important to check with
each company each year to make sure that an error
isn't costing you big time! I save myself the time
and expense of ordering from each of the 3 bureaus
and get your reports all at once for less at
report from all 3 bureaus - Order a 3-bureau
credit report from CreditReporting.com
for $34.90. See what's in your report today to
insure 100% accuracy tomorrow