What is a Fico Credit Score?
I'm trying to apply for a condo in a high rise and they say that I need a fico score of 680, 650 min. I'm not sure what the difference is but I went to freecreditreport.com and experian says says that I have a credit score of 632 which came up as "fair", the credit score however did not say fico. Is there a difference?
Public Comments
- 632 is your FICO Score. FICO is a scoring system that uses your credit history to determine how much of a risk you are to lenders. The score uses your payment history, the amount of credit available to you, the amount of debt outstanding, and the length of your credit history to determine your score.
