Dummy definition of CREDIT…

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What is credit? 

Credit is the ability to make payments over time.

What is FICO?

A rating system used to develop a snapshot of the risk you currently represent to a lender. Those parameters are formulated to produce a three-digit score known as a FICO which ranges from 300 to 950.

How is my credit score measured?

The length of credit history, number of open accounts, loans, mortgages, and public records to name a few.

 

Know your credit score. Go to www.creditkarma.com. You’ll be able to access your report absolutely free with no credit card requirements. 

 

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