A FICO score- Fair Isaac Credit Score, is your credit worthiness score. This score helps Banks & Credit Union’s determin how likely you are to pay back the loan you are applying for.
The # range of the FICO- 850 is the highest, 350 is the lowest. Mid range is about 650-700
Ways to boost your credit score: Pay your loans on time, limit your credit card spending to 25% or less of your limit, don’t apply for too much credit all at once.
The KILLERS of your FICO score: Bankruptcy, tax lien, civil judgement, collections, repossessions, late payments 30, 60, 90,120,180 days late.