Credit scores are the number one factor in obtaining a loan. “FICO” is an acronym for “Fair, Isaac, and Company.” According to www.myfico.com, base FICO scores range from 300-850, and industry-specific FICO® Scores range from 250-900. Your FICO® Scores are calculated using the information in your credit reports. These reports contain the information that each credit bureau has on file about you. This sample credit report shows a few examples of the types of information that the credit bureaus collect, […]
