Why is your FICO score so important to your financial health?
Why is your FICO score so important to your financial health?
From the interest rate and features you are offered on a credit card to your ability to qualify for a mortgage, your FICO® score plays a large part in the bank's decision making process. A good score can have banks competing for your business when you apply for a loan. A bad score may mean that you won't qualify for your auto, mortgage or credit card – or if you do, you may only be offered high rates which will cost you extra money each month.
Knowing your FICO score is the first step toward understanding your credit picture. Score Watch® is a great way to get your current FICO score and credit report and then continually track your score going forward so you'll understand the factors that are impacting your FICO score.
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