How a credit score (FICO) works and how you can boost it in just 37 days in Charleston, West Virginia For Sale

What is a credit score?
Why is understanding your credit score, or FICO® Score, so important? Well, whether you?re applying for a car loan, a personal loan, a mortgage, or a credit card -- lenders will always ask the question: ?How likely is this person going to pay me back on time??
A credit score is a number that summarizes your credit risk, based on a snapshot of your credit report at a particular point in time. A credit score helps lenders evaluate your credit report and estimate your credit risk.
Poor credit can cost you
The higher your score, the better. This means you will get lower interest rates on everything from home and auto loans to credit cards. Alternately, the lower your score, the higher the interest rate or being denied a loan altogether. Bad credit can cost you hundreds of thousands of dollars on a prime home loan compared to conventional rates.
Read the entire article, How a credit score (FICO) works and how you can boost it in just 37 days for full details.