Remove 2006 Remove Credit and Collections Remove Credit Scoring
article thumbnail

Which Credit Score Do Lenders Use? 

CreditStrong for Business

FICO is overwhelmingly used by most consumer credit lenders. According to myFICO.com , FICO scores are used to determine borrower creditworthiness with 90% of top lenders. Lenders choose scoring versions that work for their needs. Lenders choose scoring versions that work for their needs. I’m glad you asked.

article thumbnail

How to Get an Absolutely Perfect Credit Score

Fundera

Well, if you’re a credit score aficionado like we are, you’ll recognize 850 as the absolute perfect credit score. Out of all your financial numbers, documents, and sheets, your credit score might just be one of the most important attributes out there. Quick(ish) Review: What’s a Credit Score?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Different Credit Score Ranges for the Ten(ish) Most Popular Credit Scores

Fundera

Your credit score is a three-digit number that gives potential lenders an idea of how likely it is that you’ll be able to pay off debt. The higher, the better: most credit score ranges begin at 300 and increase until 850. If you have a score of 850, you get a million gold stars and the best possible loan options.

article thumbnail

The Overachiever’s Guide to Getting a Perfect Credit Score

Fundera

Well, if you’re a credit score aficionado like we are, you’ll recognize 850 as the absolute perfect credit score. Out of all your financial numbers, documents, and sheets, your credit score might just be one of the most important attributes out there. Quick(ish) Review: What’s a Credit Score?

article thumbnail

How Will the Impending Credit Changes Affect Your Score?

Fundera

New business owners especially often have to rely on their personal access to credit in order to finance the beginning stages of their business operations. Fortunately, some changes coming down the pipeline could positively affect millions of Americans’ credit scores. How the NCAP Standards Will Affect Your Credit Score.

article thumbnail

Parent PLUS Loans Demystified: How to Fund Your Child’s Education

Due

You shouldn’t have a bad credit history. For instance, you may need an endorser with excellent credit history. Alternatively, you may need to produce convincing documents to justify the factors that contributed to your adverse credit history. What are the credit requirements for Parent Plus loans?