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Fico Score
What Is A FICO Score?
Posted by at 16th March, 2010
What Is A FICO Score?
“FICO®” scores are a type of credit score developed by Fair Isaac Corporation. FICO® scores use credit bureau information to obtain a score which indicates how likely someone is to make their loan payments on time. Millions of consumers’ credit bureau records were used to develop score cards, and all of the consumer data – not just negative information – was included to develop the system. FICO® scores range from approximately 350-850. The higher the score, the lower the probability of default on the loan.
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