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April 02, 2014

Do You Know How You're Scored?

Homeownership

Your FICO® score is an important part of a lender's credit decision, influencing the credit that’s made available to you and the terms that you’re offered. It's calculated using information from several pieces of data from your credit report. Scores range from 300 (worst) to 850 (best).  Here’s how a FICO Score breaks down:

Fico Categories

The importance of these categories varies by person. Visit myFICO.com for more information.

Source: Fair Isaac

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