Credit scores help lenders and financial institutions examine a borrower’s creditworthiness. While Turbo shows you your VantageScore credit score, there are other credit scoring systems. One such system: FICO. This three-digit number is calculated using different pieces of data found in a borrower’s credit report. Understanding your FICO Score is an important piece of understanding your financial health.
So, what dictates your FICO Score? Examine the five components that make up a FICO Score in the infographic below.
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