90% of top U.S. lenders use FICO® Scores when making lending decisions When you apply for credit—whether it’s for a credit card, car loan, mortgage or other type of credit—lenders will want to know your credit risk. That is, they’ll want to know how likely you are to pay back your…
Credit Scores
Ever wonder how a lender decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you’d be a good risk for credit cards, auto loans, and mortgages. These days, other types of businesses — including auto and homeowners insurance companies and phone…