March 14, 2008, Newsletter Issue #104: About FICO Scores

Tip of the Week

FICO stands for Fair Isaac Corporation, the company that developed the credit scoring software used by the U.S and Canadian credit bureaus. However, FICO is just one type of credit score. There are hundreds of other kinds of credit scores developed for consumer, busineses, insurance companies and other purposes that vary from the basic FICO score. While there are hundreds of smaller, regional credit bureaus across the United States, there are three main national credit bureaus: Experian, Equifax, and TransUnion. These credit bureaus report your FICO scores to lenders.


About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Credit Report Tip Site? Request a Tip Now!


Guru Spotlight
Byron White