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 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 […]