article thumbnail

Which Credit Score Do Lenders Use? 

CreditStrong for Business

Lenders choose scoring versions that work for their needs. VantageScore vs FICO Most people use the terms credit score and FICO Score the same way, but there’s more than one type of credit score. You’re more likely to use your FICO credit score though. People like students and immigrants.

article thumbnail

FICO Score vs. Credit Score: What’s the Difference?

CreditStrong for Business

Many aspects of the credit scoring system in the United States have remained virtually unchanged since the start of the 1990s, but it’s still a source of confusion for many Americans. In fact, roughly 40% of consumers report having no idea how credit scores work. What Is 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

FICO Score vs. Credit Score: What’s the Difference?

CreditStrong for Business

Many aspects of the credit scoring system in the United States have remained virtually unchanged since the start of the 1990s, but it’s still a source of confusion for many Americans. In fact, roughly 40% of consumers report having no idea how credit scores work. What Is a Credit Score?

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?

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

5 Small Business Loans in Texas [And Where to Get Them]

CreditStrong for Business

OnDeck OnDeck is an online lender that has been extending business loans since 2006. Credit score requirements are low with a personal FICO score requirement of 600. Their business lines of credit range from $5,000 to $250,000. Banks are typically for large amounts, high credit scores, and lower interest rates.