Money Savvy


Archive for the 'FICO Score' Category

Jun 15 2007

Debt Handling: FICO, What is That?

Published by Jennifer under Debt Handling, FICO Score

One very important element in your overall credit worthiness package is your FICO score. But what exactly is that and how does it affect your debt management choices?
FICO is an acronym formed from the letters of its founder, the Fair Isaac Corporation. It is a number between 400 and 800 that ranks credit worthiness according [...]

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Mar 10 2007

Your FICO Score and What It Means for Repairing your Credit

Published by Jennifer under Credit Repair, FICO Score

A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills. Fair, Isaac began its pioneering work with credit scoring in the late 1950s and, since then, scoring has become widely accepted by lenders as a reliable [...]

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