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
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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