Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. She is a financial therapist and transformational coach, with a special interest in ...
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FICO Score vs. Credit Score: What Lenders Really Use
As you get familiar with your credit, you’ll quickly realize multiple types of scores exist. Although both FICO scores and credit scores exist, understanding which one lenders use can be helpful.
Credit scores are based on information from your credit reports. They can go up or down each month depending on normal ...
FICO and VantageScore credit scores are the two most common types of personal credit scores. Business credit scores use ...
When you view your credit score, you're likely to see a different three-digit number depending on whether you checked your score online, on your banking app or via another means. Although you have ...
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What is a FICO score?
FICO scores are the most widely used type of credit score. Most FICO scores range from 350 to 850, and a score of 670 or higher is considered good. If your FICO score is on the low side, you can take ...
Buying a car or applying for credit? To check your creditworthiness, lenders will look into your credit scores. You’re likely familiar with your FICO Score, but what’s your VantageScore and why is it ...
Credit scores existed for decades before 1989. What changed that year was the introduction of the FICO score, the first generic credit scoring system. Previously, lenders developed and used their own ...
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