Understanding Your FICO Score
When you're applying for credit--whether it's a credit card, a car loan, a personal loan, or a mortgage--lenders want to know your credit risk level. To help them understand your credit risk, most lenders will look at your FICO score, the credit score created by Fair Isaac Corporation.
By knowing how your credit risk is evaluated, you can take actions that will lower your credit risk--and thus raise your credit score--over time.
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