FICO ScorePosted on August 10th, 2010 | admin
What Is The Point of A FICO Score?
Your FICO score, also called a credit bureau score, is used by companies to determine your creditworthiness. A FICO score can range from 350-850, with a higher score being better than a lower score. Every person has three FICO scores – one from TransUnion, one from Experian, and one from Equifax. These three credit bureaus may contain varying information, so for a true reflection of your FICO score, you should check all three.
A “good” FICO score tends to be above 700. A “very poor” FICO score would be below 560. Many places, such as car dealerships, won’t even continue discussing loans with you if your FICO score is below 600.
What factors influence my FICO score?
What factors do not influence my FICO score?
Age, sex, religion, marital status, income, employment history, and geographic location are not factors that influence your FICO score.