A lot of people are interchanging the term FICA score with FICO Score. Many people misspell and mix up FICA and FICO. But there’s a big difference between the two. Let me show you. Firstly, there is no such term as a FICA score. Although FICA does exist, it is the abbreviation for Federal Insurance [...]
How to Raise Your FICO Score?
Your credit score can either save you money or cost you money. According to myFICO, a 100 point difference in your FICO score could mean over $25,000 extra in interest payments over the life of a 30 year mortgage on a $300,000 home loan. Thus, if you have a low credit score, it may be [...]
Vantage Score vs FICO Score
When it comes to credit score, you could frequently get baffled since lenders and companies providing loans might use its own custom scoring model with a different scale. Many others can relate to such a confusing experience. One might think his credit score is good enough and be surprised when his credit application is rejected [...]