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How Does The FICO 8 Scoring Model Really Work???
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If you are looking to qualify for a new home loan, new car loan, new credit card, business loan or personal loan then you may want to get familiar with the FICO 8 scoring model.
FICO represents the good standard of credit scoring and is the go to for most lenders when considering you or anyone for a new loan.
There are a few FICO scoring models out there but in this video we will be going over FICO 8.
By understanding how FICO scores and weighs our credit we can better focus on the specific things that are harming our scores and what we need to correct in a shorter amount of time in order to qualify for the specific loan(s) we want.
FICO represents the good standard of credit scoring and is the go to for most lenders when considering you or anyone for a new loan.
There are a few FICO scoring models out there but in this video we will be going over FICO 8.
By understanding how FICO scores and weighs our credit we can better focus on the specific things that are harming our scores and what we need to correct in a shorter amount of time in order to qualify for the specific loan(s) we want.
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