Credit Score

What is a credit score?

Since 1971, the government has made a provision for all consumers the right to check their financial records for accuracy through the Fair Credit Reporting Act. The credit score is the calculation of all records in your credit history. The Fair Isaac and Company has set a standard criteria in calculating one’s credit score which is also known as the FICO score. This is the system of scoring used by credit bureaus today and is accepted by all banks, lenders and financial institutions.

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