Sentences with phrase «base fico»

Base FICO Scores (including the FICO Score 8) range from 300 to 850.

Base FICO scores range from 300 to 850.

Base FICO ® Scores have a 300 — 850 score range.

While the industry - specific FICO Auto and FICO Bankcard Scores are judged on scales that run from 250 to 900, the base FICO Scores have a smaller range of 300 to 850.

For the crop of base FICO Scores, the «very good» range goes from 740 to 799.

Base FICO ® Scores, such as FICO ® Score 8, are designed to predict the likelihood of not paying as agreed in the future on any credit obligation, whether it's a mortgage, credit card, student loan or other credit product.

The foundation of these versions is the same as the base FICO ® Score versions, but they are fine - tuned based on industry - specific risk behavior.

Industry - specific FICO ® Scores are grounded in the same algorithm as base FICO ® Scores, but are tweaked to provide lenders a further - refined credit risk assessment tailored to the type of credit the consumer is seeking.

There are multiple versions of base FICO ® Scores because the FICO scoring system is periodically updated as data reporting practices, consumer credit use practices and lender credit extension practices change over time.

For example, auto lenders and credit card issuers may use FICO ® Auto Score or a FICO ® Bankcard Score, respectively, instead of base FICO ® Scores.

Industry - specific FICO ® Scores incorporate the predictive power of base FICO ® Scores while also providing lenders a further - refined credit risk assessment tailored to the type of credit the consumer is seeking.

Today, each of the big three credit bureaus generates base FICO Scores and industry - specific FICO Scores — scores based on information provided by data furnishers and compiled into credit reports.

If you want to finance a home or car, check your base FICO and industry - specific scores (which you'll have to pay for).

All FICO ® Score products made available on myFICO.com include a FICO ® Score 8, the FICO ® Score most widely used by lenders, along with additional FICO ® Score versions, including prior base FICO ® Score versions as well as industry - specific auto and bankcard versions.

The base FICO scores (FICO Score 8) range from 300 to 850.

Following is a discussion of base FICO score range categories.

Thus, credit card issuers normally request your FICO ® Bankcard Scores or FICO ® Score 8 from the bureaus, while most mortgage lenders prefer Base FICO ® Score versions which were before FICO ® Score 8.

These are scores similar to base FICO ® Score versions but tailored for a specific type of credit such as an auto loan or credit card.

Because of this, most mortgage lenders are using base FICO ® Score versions previous to FICO ® Score 8.

Base FICO Scores have a 300 - 850 score range.

Base FICO Scores (including the FICO Score 8) range from 300 to 850.

I got an Experian - based FICO Score 8 at FreeCreditScore.com, a site owned by Experian.

Starting this month, San Jose, Calif. - based FICO, the first U.S. credit scoring company, is rolling out a program that allows consumers access to their credit scores for free, as long as their lender is on board.

Not exact matches

Your FICO Score is based on the information in your credit report at the time it is requested.

The statements that «90 % of top lenders use FICO Scores» and «FICO Scores are used in 90 % of credit decisions» are based on a third - party study of all versions of FICO Scores sold to lenders, including but not limited to scores based on FICO Score 8.

The FICO score is based on a model created by Fair Isaac Corporation and is the most commonly used credit score.

Based on the FICO scoring model, a good credit score falls in the 670 — 739 range.

Your FICO score is based upon data collected by the consumer credit bureaus.

This 30 % figure is just a good guess, based on the observations of experts in the industry about what FICO may view as ideal.

Some banks and credit card issuers also offer a FICO credit score at no cost on a monthly or quarterly basis for their customers.

FICO ® Credit Score Terms: Your FICO ® Credit Score, key factors and other credit information are based on data from TransUnion ® and may be different from other credit scores and other credit information provided by different bureaus.

The FICO scoring system bases its prediction of a consumer's future behavior on a comparison between the credit history of the consumer in question and historical profiles of consumers with similar credit histories.

Your FICO score is based on your payment history, the amount of debt you owe, the types of debt you have, inquiries for new credit and the age of your accounts.

For example, the majority of your FICO score (35 percent) is based on your payment history.

These numbers are based on the FICO scoring scale, in particular, which ranges from 300 to 850.

FICO, the company that created one of the most widely used credit - scoring systems in the U.S., recently announced it was starting a pilot program to increase the number of consumers who could be assigned a credit score based on alternative data, such as utility and phone bills.

If you have credit score of 800 and above based on FICO ranking, you will be said to have excellent credit score.

«The credit score model the GSEs essentially require mortgage originators to use for mortgage lending — FICO 4 — is outdated, based on models estimated in the late 1990s.

Here are some of the most effective strategies you can implement, based on FICO's credit scoring factors.

There is no commonly agreed distinction between prime, Alt - A, and sub-prime borrowers based on the widely used Fair, Isaacs and Company (FICO) credit score.

FICO scores are generated based on a snapshot of the information on your credit report as of the particular moment that the report is pulled.

In short, if you have what is considered bad credit (like a FICO Score of 580 or lower), then you indicate to lenders that you might be a risky borrower based on previous statistics of consumers with similar scores.

FICO ® CREDIT SCORE TERMS: Your FICO ® Credit Score, key factors and other credit information are based on data from TransUnion ® and may be different from other credit scores and other credit information provided by different bureaus.

The last component of the FICO score is an adjustment based on any recent searches or hard inquiries made into your credit profile.

Estimated Monthly Payments are based on $ 2500 - $ 3000 down at up to 72 months at 3.99 interest ON APPROVED CREDIT with 750 FICO Score and excellent credit history.

Based on the data provided by FICO, we observed that a short sale where the borrower was responsible for a deficiency balance was just as damaging as a foreclosure.

30 % of your FICO credit scores, plus a significant portion of your VantageScore credit scores, are calculated based upon the «Amounts Owed» category of your credit reports.

FICO ® Scores are based on the credit information in a credit file with a particular consumer reporting agency (CRA) at the time the score is calculated.

For borrowers who are seeking a $ 1 million mortgage with a 25 % down payment and who have a FICO score in the 740 to 759 range, Salt Lake City - based Zions Bank, a unit of Zions Bancorp, has recently been charging an origination fee equal to 1.375 % of the loan amount, or $ 13,750, and charging an interest rate of 3.625 %, says Jeremy Lowry, a senior vice president at the bank.

The FICO equation is based upon data contained in consumer reports and relies on the underlying data.