Question

 What is a FICO score used for?

Answer A borrower's FICO credit score is a numerical representation of his payment history, his current debt situation, and his likelihood of repayment of future debt. Lenders use a borrower's FICO credit... Read More »
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Top Q&A For: What is a FICO score used for

Is FICO the only credit score used in the United States?

The FICO scoring model is the most widely used credit scoring formula in the United States. However, each credit bureau may have slightly different information about your credit history, so you may... Read More »
http://www.answerbag.com/q_view/2112475

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 »
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What is the difference between a fico score&a plus score?

Since 1997, U.S. consumers can purchase their credit scores through the three major credit bureaus: Experian, Equifax, and TransUnion. Known as the FICO score, this number gives lenders an easy way... Read More »
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What is the difference between a Beacon score and a FICO score?

The Beacon score was the name for a credit score calculated by the Experian credit bureau. The Beacon score used an older scoring algorithm developed by the Fair Isaac Corporation. It has since bee... Read More »
http://www.answerbag.com/q_view/1904056


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