FICO score

When you apply for credit, lenders need a fast and consistent way to decide whether or not to loan you money. In most cases, they’ll look at your FICO Scores. You can think of a FICO Score as a summary of your credit report. It measures how long you’ve had credit, how much credit you have, how much of your available credit is being used, and if you’ve paid on time. Because FICO Scores are calculated based on your credit information, you can increase your score by paying bills on time, not carrying too much debt, and making smart credit choices.