Anatomy Of A Credit Score
Business Week looks at some of the key inputs to your FICO credit score.
"Credit scores are very powerful predictors of consumers' future [bill-paying] performance," says Mike Fratantoni, a senior research director at the Mortgage Bankers Assn.
But with the rise of technology that can automatically assess consumer creditworthiness while you wait, FICO scores are now requested by insurance companies, cell-phone providers, utilities, landlords, and even prospective employers. That's a reason to make managing your FICO score a priority.
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