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Fair Isaac Corp.: Credit Score Analysis

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FICO stands for Fair Isaac Corp., the company that over 50 years ago created what’s commonly known as the credit score. This credit or FICO score is a 3-digit number that determines the interest you will pay on credit cards, a car loan, a mortgage or other debts you may incur. It will also determine if a landlord will rent to you, utility companies will set up accounts without a large deposit, and can even be a factor in being hired for certain jobs or how much you’ll pay for car insurance.

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