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What Is A FICO Score?

What Is A FICO Score?

The FICO score is a model for calculating your credit score which was developed by Fair Isaac Corporation. The FICO score model is one among the numerous other models which are used by lenders; some of them being NextGen, VantageScore, and the CE Score. However, the most popular model for calculating your credit score is the FICO model. FICO scores are the most used credit scores in the world and by all the three major credit bureaus, Experian, TransUnion, and Equifax.

The Role Of Credit Bureaus

A credit bureau has a pivotal role to play as far as credit reports and credit ratings are concer…

Creditworthy Behavior

Creditworthiness is the ability of a borrower to pay the debt in a timely manner. Creditworthy be…

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