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What Is A FICO SCORE ?
                                         Well, simply put, to the lender, and those guys and gals in the mortgage world, FICO, or Fair Isaac scores as they're affectionately know, can slam your chances of being approved for a loan into the dirt.
The FICO score can decimate you, pummel you, biff you like Raging Bull, smash you like a wrecking ball against the side of a house, blast your saucer, torpedo your hull, sink your ship, and wreck your world.
You better believe it !
Your FICO score is the difference between getting a good financing rate or a bad one. It's the credit reporting system universally used by the mortgage lenders for determining whether or not you'll get a great mortgage rate, a prime mortgage rate, or a sorry one better know as a sub prime rate.
When the bureaus put your credit history down on paper for the financial world review, the FICO scores are calculated based on your past performance with the credit you've been extended.
The higher your score is, the better your chances for obtaining a great loan rate, and the less risk you'll appear to the lender.
The lower your  score, the higher the risk you'll appear to the ... more

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