Meaning / Definition of
FICO Score
Categories: Loan and Mortgage, Credit and Debt,
FICO is an abbreviation for Fair Isaac corporation and refers to a person's credit score based on credit history. Lenders and credit card companies use the number to decide if the person is likely to pay his or her bills. A credit score is evaluated using information from the three major credit bureaus and is usually between 300 and 850.
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