Friday, March 7, 2008

What is a FICO Score?


After reading and discussing the Wall Street Journal article in class, you should have a better understanding of what goes into the FICO credit score. Answer the following questions concerning the credit score reports.

1.) Who is the main user of FICO credit scores and what do they use it for?
2.) What is "piggybacking"?
3.) What are the five factors that determine your credit score?
4. How does the FICO 08 scoring model differ from the previous scoring model?
Answer the following questions on your blogs and provide a picture in you post.

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