What is Your FICA Score?

 

 

Surprisingly a lot of people do not know what their FICA score is. This is a number derived from the mayor loan companies that state your credit worthiness. If you are planning to obtain a loan than this numeric number is very important to know because companies will decide if they will approve your loan application based on that number.

 

The Association Of Settlement Companies and the U.S. Organization Of Bankruptcy Alternatives have come up with their own guidelines and the best business practices. Further, these institutions have been around for the past 4-5 years. In such a scenario, how is it that individuals still fall into the clutches of fraudulent companies?

 

It is recommended that you stay informed of what your credit report says. Correcting mistakes on your credit report as soon as they appear can help you to limit the denials that you receive based on your credit report.