What's Your Number?

I ‘m not referring to your telephone numbers; I'm referring to your FICO credit scores!

Your FICO credit scores it's a numerical calculation or summary of your credit history!

It's very important to know your FICO credit scores! Since it's combinations of numerical, creditors, and lenders!

Your credit can be easily assessed by your lenders for credit risk to make decision regarding extending a credit, loan, and credit cards to you!

Your FICO scores can be range from 300 points the worse credit scores to 850 points the best credit scores!

In my opinion consumers with higher FICO credit scores are to be considered less risky borrowers than those with lower FICO credit scores! Higher FICO credit scores will allows you to get lower interest rate loan on your credit cards, and loans by lowering the cost of borrowing or having credits! On the other hand consumers with low FICO credit scores usually and always have higher interest rate and also maybe denied for some loan and credit cards!

To get free credit report once a year goes to: www.annualcreditreport.com

One thing you must remember if you order your FICO scores form a credit company; the scores is not the same as a mortgage lenders FICO credit scores because you must pay for it!

If you really want to qualify for a mortgage or a loan, please seek your lender professional help!

This is just FYI only!

Thanks.

 
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3 Comments on What's Your Number?

JUN
10
2010
1,179,776 Points 3 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp

Thanks for the reminder to monitor my credit report. I actually took a few moments to check my credit prior to saying 'Thank You'.
12:49pm • #1
577,942 Points 7 Featured Posts Outside Blog Called Shot Master

Having a nice high credit score makes life easier in so many ways, and I think a lot of people don't take it seriously enough. Thanks for the reminder.
3:19pm • #2
546,212 Points Outside Blog

Hello Vickie ~

Hello Joetta ~

Thank you both for stopping by with your comments!

Good credit always make the loan goes smothers and better interest rate for sure!

Thanks again,

Adam Malachi
5:14pm • #3


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