Cash Loans – Cash Advances

What is a FICO Score?

The FICO score, developed by the Fair Isaac Company, is a combination of different things, including: payment history, debt level, length of credit history, number of credit applications, as well as having a variety in types of credit (your FICO score will reflect any default on personal loans, mortgage payments, auto loans, payday advances, etc).

The FICO score is the most common formula used to score your credit. The score is expressed as a three digit number ranging from 300-850.

Under federal law, consumers are able to request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies (Equifax, Experian, and TransUnion). The reports can be ordered all at once or spread throughout the year. Ordering all three at the same time will allow you to compare and contrast the information whereas spreading them out would show you any changes that take place.