Monday, September 05, 2005

Be sure you're getting a FICO credit score


Of all the different Credit Scores you get in the market, what is important.


"Be sure you're getting a FICO credit score: "Most lenders, including those in the mortgage field, use FICO credit scores, which are created using a formula developed by Fair Isaac Corp. (Fair Isaac estimates more than 75 percent of mortgage lending decisions are made using FICO scores, and FICO is the dominant score for most other lending as well.) A FICO score is intended to help lenders gauge the risk that a borrower will default. "

Johncy Edward
Yours Credit Score/Credit Repair Guru

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