FICO Score Explained - What is your FICO credit score?

Let me tell you what FICO score is in plain-English... Your FICO score is another name for credit score. "FICO" is an acronym for Fair Isaac Credit Organization.

FICO Credit Score

Your FICO Score or credit score is the formula that is used to calculate your credit risk from your credit report. There are many things that can affect your FICO score.

For example, if you are constantly making late payments on your mortgage, If you are making late credit card payments, this will definitely affect your FICO score.

If you have very little credit references, in other words you have a small credit history, this will also affect your FICO score.

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