UNDERSTANDING YOUR CREDIT RATING - PowerPoint PPT Presentation

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UNDERSTANDING YOUR CREDIT RATING

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The FICO® score, developed by Fair Isaac Corporation (the pioneer in credit scoring), is a number between 300 and 850 that lenders use to determine your credit rating. A FICO® score is a snapshot of your credit rating at a particular point in time. The higher your credit score, the more likely you are to be approved for loans and receive favorable rates. Website - – PowerPoint PPT presentation

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Title: UNDERSTANDING YOUR CREDIT RATING


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UNDERSTANDING YOUR CREDIT RATING
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  • The FICO score, developed by Fair Isaac
    Corporation (the pioneer in credit scoring), is a
    number between 300 and 850 that lenders use to
    determine your credit rating. A FICO score is a
    snapshot of your credit rating at a particular
    point in time. The higher your credit score, the
    more likely you are to be approved for loans and
    receive favorable rates.
  • More than 70 of the 100 largest financial
    institutions use FICO scores to make billions of
    credit decisions each year, including more than
    75 percent of mortgage loan originations. 

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