What is a FICO Score?

A FICO Score is a credit score compiled by the Fair Isaacs Corporation. Scores are created by that company using information from the three major credit agencies in the USA, Experion, Equifax and Trans Union.  FICO scores can range from 500 to 850, with the higher numbers being the most desirable.

When consumers apply for an installment loan, the lender will check FICO scores.  The benefit of a high FICO score can be a low interest rate.  That low interest rate can be a money-saver over the life of a loan.

Jean Simmons, REALTOR®
Certified Residential Specialist (CRS)
Graduate, REALTOR® Institute (GRI)
Associate Broker
Licensed in Virginia
jssimmon@bev.net
(540) 320-0753

Coldwell Banker Townside, REALTORS®
www.cbtownside.com
blog@cbtownside.com