Posts Tagged ‘Three Main Credit Bureaus’

Why Your FICO Score Matters and What to Do About It

Thursday, July 23rd, 2009

A consumer’s credit score is based on a statistical analysis of a person’s credit record and is meant to assess their credit risk. A credit score is primarily based on information gleamed from one of the three main credit bureaus. Lenders use credit scores to determine whether or not you should qualify for a loan, at what interest rate, and what your credit limit should be.

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