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FICO refers to your credit rating. Your credit rating is often called your FICO score. |
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Fico is a score developed by Fair, Isaac & Co. which is calculated by a credit bureau specifically for real estate loans. Each person has a FICO score between 300 (worst) to 850 (best). A higher FICO score (700 and above) allows a borrower to receive a better interest rate and loan terms. |
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A FICO is a score given to you based on your credit history. they range from 300-800; 800 being the best. It tells finance companies and other creditors your credit worthiness. tran union; experion; equfax are there names. when determing your score the creditors look at all three and use the middle number. Hope I helped. |
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