What does a fico score mean in credit history?

Answer The FICO score is the most widely used credit score. It's calculated using information found in your credit history. Your credit score influences lenders' decisions about loan applications and can ... Read More »

Top Q&A For: What does a fico score mean in credit history

What does a FICO score of 647 mean?

A FICO score of 647 is fairly low. The score is only slightly above what lenders consider a subprime borrower, so while you will probably be able to qualify for loans, you will not receive optimal ... Read More »

What is the difference between a fico score&a credit score?

A FICO score and a credit score are essentially one in the same. The FICO score was created by the Fair Isaac Corporation. It is the most frequently used credit score.FICO AliasesAll three major cr... Read More »

Does FICO inquiry affect my credit score?

The credit scoring guidelines of 2009 calculate an individual's credit score based on payment history, amount owed on open accounts, length of credit history, types of credit and new credit. Inquir... Read More »

Does a credit card limit matter in a FICO score?

Yes, your credit card limits matter in your FICO credit score because your score takes into consideration your debt-to-available-credit ratio. If your credit cards are close to their credit limits,... Read More »