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Information released by the U.S. Bureau of Labor Statistics and the U.S. Department of Commerce suggests a mixed bag for American consumers.
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Viewing entries tagged FICO
“FAKO” vs. FICO® Scores
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Posted by walkerm
on Wednesday, January 18, 2012
in Credit Scores and Credit Reports
walkerm
I enjoy financial discussions and really anything/everything that impacts consum
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Each time you apply for a Loan, new line of credit, an apartment, or job you can just about guarantee your Credit Score and report will get a look. The first step in knowing whether you’ll be approved for a loan, housing, or a job is to know what your FICO® score is, because this is the credit scoring model many creditors and lenders rely upon. In the United States, FICO® is considered the preeminent provider of Credit Scores. Its numerical system ranges from a low of 300 to a maximum score of 850. But Fair Isaac & Co. (the corporation behind the FICO® score) is not the only provider of credit scores, allthough FICO® is certainly the most popular and widely used.
