FICO Credit Score Information
If you are in the market for a new house, vehicle, or seeking a new credit or charge
card, banks and financial institutions will need to know what kind of potential risk
you are as a consumer.
Anytime money is lent there is a...
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FICO Credit Score Information
If you are in the market for a new house, vehicle, or seeking a new credit or charge
card, banks and financial institutions will need to know what kind of potential risk
you are as a consumer.
Anytime money is lent there is a potential risk that it will not
be repaid, and the FICO credit score is the credit score model that the majority of
banks and lenders use to determine your credit risk.
Your credit scores will
determine how much money a lender will extend to you, and what terms will be
given.
They will review your FICO credit scores from all three credit bureaus: Trans
Union, Experian and Equifax.
The higher your credit score are, the better terms and
interest rate you will receive.
Most lenders will have a minimum score requirement
to even be considered for financing.
Using credit repair services to improve your
FICO scores can assist you in qualifying for more attractive interest rates from
banks, which will ultimately save you a lot of money
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