How Does a FICO Score Affect Your Mortgage, Loan, and Business Applications?
A FICO score is a credit score that is used by lenders to determine a borrower’s creditworthiness. The score ranges from 300 to 850, with a higher score indicating a lower risk of default.
The FICO score is a credit score that lenders use to evaluate a borrower’s creditworthiness. A high FICO score can help you get a lower interest rate on a loan, and may also improve your chances of being approved for a business loan. However, a low FICO score can lead to a higher interest rate and decreased chances of being approved for a loan.
