Category Archives: FICO

What’s With All These Different Credit Scores?
You’re probably familiar with the importance of credit scores. Lenders and stores use your credit score(s) to decide whether or not to extend credit to you. They also use them to decide what interest rate to charge you on a loan or credit card, as well as the credit limit. And even whether to require a deposit when opening a new account. But with all the different...
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Is Getting A Perfect Credit Score Worth The Trouble?
Is it possible to get a perfect credit score? Yes. But is it worth the effort it takes to get that perfect credit score? Probably not… here’s why. FICO scores range from 300 to 850. The higher the number, the more credit worthy you have shown yourself to be. Or another way to think about it, the lower your score, the more likely you are to...
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Why do I have 3 different credit scores?
Ever wonder why you have 3 different credit scores? Lots of people ask us that question. The short answer is that you have 3 different credit scores because there are three different credit reporting companies: Experian, TransUnion, and Equifax. Each of these companies puts their own spin on the FICO scoring system to generate slightly different scores. You may not realize it, but these credit reporting companies are...
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