10 Fascinating Things You Probably Didn't Know About FICO Credit Scores
Credit scores are highly important to any consumer who relies on borrowed money to buy a home or car, or to obtain a credit card. And the FICO credit score is the most widely used type of credit score, by far. With that in mind, here are 10 things you might not know about FICO credit scores that can help you better understand where your score comes from and how to maximize it.
The exact formula FICO uses to determine your credit score is a closely guarded secret, but we do know the five broad categories of information used, as well as the weight given to each one:
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Source: Fool.com