What s In Your FICO Score

Title:
What’s In Your FICO Score?
Word Count:
438

Summary:
Obtaining copies of your credit reports from the three major credit reporting bureaus is a mus

Keywords:
fico score, credit card, credit cards, credit report, credit bureaus, fair issac corporation

Article Body:
Obtaining copies of your credit reports from the three major credit reporting bureaus is a mus
FICO, or Fair Isaac Corporation, is a score that helps determine what interest rate creditors

Your FICO score is based on five determining factors. According to the Fair Isaac Corporation,
1. Payment History ˘ 35%
2. Outstanding Balances ˘ 30%
3. Length of Credit History ˘ 15%
4. New Credit ˘ 10%
5. Types of Credit Used ˘ 10%


Obviously, if you have made several late payments and owe a large amount of money to your cred

Coupled with your credit report, your FICO score can help you determine the plan of attack you

Remember, the higher your FICO score, the lower your monthly payments will be on virtually eve

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