FICO Score is another name for Credit Score. FICO used to be the abbreviated name of the firm the Fair Isaac Company. This firm focused on consumer credit history and other factors important to lenders.
Becoming financially savvy in today’s credit driven world is critically important to your financial success. Understanding how our system of credit works, and how to build a financial well being are tools that will serve you for the rest of your life.
Consumer credit scores are a big deal, but not usually something Americans think about until they need to take out a mortgage, refinance a loan or obtain an automotive loan or other credit. Often, consumers won’t know their credit scores unless there is a problem.