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FICO (for Fair Isaac Corporation, the company that invented credit scoring) Getty By Marilyn Lewis A high credit score is your ticket to discounts in borrowing and insurance. It can also be a key ...
Use a Free Credit Score Service. Free credit score services often provide FAKO scores — “equivalency scores” designed to give borrowers a general idea of where they stand — instead of FICO ...
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The average FICO Score 8 in the US was 710 in 2020 [20] and 716 in April 2021. [21] The FICO bankcard score, FICO auto score, FICO personal finance score, and FICO installment loan score are between 250 and 900. The FICO Mortgage Score and FICO Score XD 2 are between 300 and 850. [22] [23] Higher scores indicate lower credit risk. [24]
You have an excellent credit score if your credit score falls within the 800 to 850 range for FICO — which is most commonly used by lenders — and the 781 to 850 range for VantageScore.
This guide goes over the main determinants of your credit score, which factors matter the most and more.
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