gabriel4250
gabriel4250 gabriel4250
  • 14-05-2020
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I NEED HELP PLEASE. How does FICO determine your credit score? What are the percentages?

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tyragoolsby
tyragoolsby tyragoolsby
  • 14-05-2020

Answer:

A FICO score is the number used to determine someone's creditworthiness, your credit score. Financial institutions and lenders use this as a guide to determine how much credit they can offer a borrower and at what interest rate. FICO scores can range from 300 to 850, the higher the number the better.

payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).

Explanation:

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