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Understanding Your FICO Score

By Sarah Collins

11/19/08

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What the hell is FICO?! Many recent grads find themselves asking this question, and even those who know their "FICO" have little clue how it's determined. Basically, FICO is a type of credit score rating that allows lenders (e.g., credit card companies, mortgage lenders, cell phone providers) to determine how risky you are. Check out this breakdown from MyFICO.com to see how it's calculated.

What's in Your FICO Score [via Consumerist]

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