Your Credit Score Defined

This was a great article and so informative even for me who is in the business and understands credit scores and reports.  The most important thing to point out is that “90 percent of all financial institutions in the U.S. use FICO scores in their decision-making process.”  I bring this up because so many people pull their credit scores online not using the FICO model and can’t understand why what we as a financial institution pull are so different.

Make sure to take a look at the chart of what goes into a credit score and the percentages involved.