12 Million People Just Saw Their Credit Scores Jump Higher -- Are You Among Them?
America is a nation that runs on credit. According to the Federal Reserve, aggregate credit card debt recently surpassed the $1 trillion mark.
But access to credit isn't equal for all Americans. It's based on the quality of your credit report and, in many instances, your credit score. Probably the best-known credit scoring system is the FICO credit score, which ranges from a low of 300 to a high of 850. Lenders are typically on the lookout for consumers with scores above 640, and are especially willing to lend and offer the best interest rates to those with scores in the 700s and 800s.
Source: Fool.com
Fair Isaac Corp. Stock
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