Fair Isaac Corporation Score, better known as FICO is a term used by the banking industry to determine credit scores of the credit card holders. A good credit score reveals that you have been making all your repayments and loans on time and can be used to increase your credibility in the market. Whenever you visit the market with the aim of getting credit all companies try to determine the interest rate for you depending on your FICO score. High FICO score not only makes you eligible for all types of loans but help you save lots of money.
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