What are the benefits of having a strong FICO SCORE?
What is a FICO score? It is a numerically simplified summary of your credit card report that was introduced by the fair Isaac Corporation in 1989. It is used by 90% of lenders in United States as a standard to determine the likelihood of a debtor repaying a loan. Your FICO score not only determines […]
How your credit score impacts your financial future
Your credit score is one of the most important numbers that can influence the financial success or failure of your life. This score, which comes as a result of your ability to make on-time payments on loans and credit cards, can have a disproportionate impact on your financial future. Here is a look at what […]
How are FICO scores calculated?
FICO scores are your credit scores. They vary from person to person and can increase or decrease weekly, depending on a variety of different factors. Here is a brief outline of how your credit score is calculated. Factors of Your Credit Score There are five main sections that all calculated together to give you a […]