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Neighbors FCU


Great credit score? Think again! - Friday, February 8, 2013

Consumers want to know more about how their credit score works and what is involved in determining that number.  The most popular scoring formula is Fair, Isaac and Co (FICO); yet FICO has over 49 scoring formulas!  Many sites that consumers visit to purchase their credit score may not be the same score a lender is looking at when considering loan opportunities and some sites don't give any version of FICO at all.