FICO means Reasonable, Isaac, and you can Company. It’s one of the main credit reporting agencies you to definitely song debt lives. This new FICO rating description is just as observe:
- 800–850: Outstanding credit
- 740–799: Decent borrowing from the bank
- 670–739: A good credit score
- 580–669: Reasonable credit
- 0–580: Bad credit
How it functions is quite effortless. Very first, the credit agency (in this instance, FICO) tracks your financial behavior. Such, they listen to exactly how many financial account you have unlock, the way you fool around with credit cards, if or not you create payments timely, and much more. Following, they accumulate these details towards the an effective around three-little finger count one signifies just how trustworthy you are which have money. อ่านเพิ่มเติม “The most common credit-rating model is called the brand new FICO get”