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What is a FICO score?

What is a FICO score?
"FICO" scores are a type of score developed by Fair Isaac & Company, FICO scores use credit bureausto obtain a score which indicates how likely someone is to make their loan payments on time. FICO scores range from approximately 350 to 900. The higher the score, the lower the probability of default on the loan. Your credit history is one factor in determining if you qualify for a loan.

Posted by Delete Delete on 05/26/2007 12:43 AM

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