Fair Isaac Credit Score Statistics And Their Use
The FICO (Fair Isaac Corporation) scores are an important tool to measure your ability to pay off loans and mortgages. The banks and lenders will use it to make sure that the loan they give can be repaid by the borrower. It is important then to know the fair isaac credit score statistics . While FICO score is meant to lie in the range of 300 to 850, what actually matters is the range that most scores (within this range) end up lying in. Understanding the common ranges you can then assess your own score against them and know where your scores stand.