Each consumer who has established credit will have three different credit scores, one from each of the three main credit bureaus, Experian, TransUnion and Equifax. Individual credit scores may differ based on the computer program each company uses, the information contained in an individual's credit file and the length of the person's credit history.
When applying for a loan or line of credit, lenders use the information on the application and in the applicant's credit file to determine a person’s credit worthiness. The terms and amount of the loan as well as the interest rate are all dependent upon this information. Maintaining a healthy credit score allows consumers to qualify for the best rates and terms.
What is a FICO Score or a FICA Score?
Often consumer credit scores are called “FICO scores.” Occasionally the term "FICA Score" is used, but this terminology is incorrect. FICA refers to a federal income tax and FICO is the term used regarding an individuals personal credit score.
- With Poor Credit Rating
- Accredited Engineering
- Credit Reporting Agency Addresses
- Account American Card Credit Express Format Number
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- Credit Fica Tax
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