Your credit report health is an important topic for a lot of people. The FICO®
score is the original credit score, the one that most lenders use in the industry.
What is a credit report FICO® score?
It's a number lenderslandlords and property
owners use to help them decide: "If we rent to this person or family,
how likely is it that I will get paid on time?" A FICO ® score is a
snapshot of your credit risk picture at a particular point in time. The higher your score,
the lower the risk to lenders. FICO scores range from 300 to 850. The higher the score,
the lower the predicted credit risk for lenders.
There are 3 main credit reports you must order 1. Equifax credit report 2. Experian credit report 3. Trans union credit report Many online credit report sites offer free credit reports & free
instant credit reports, if you subscribe to a free trial credit monitoring service. This
year the launch of AnnualCreditReport.com allows consumers to apply for 1 free credit
report yearly from Equifax Experian & Trans Union
Having a credit report with you when you a looking at properties may be beneficial to you
if the property owner is deciding between you and another potential renter
