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Saturday, October 25, 2014

FICO score

Please read the disclaimer first.

Lenders use the FICO score to see how risky you are.

A higher score will generally give you lower interest rates.



  • Payment history (35%)
  • Amounts owed (30%)
  • Length of credit history (15%)
  • Types of credit in use (10%)
  • New credit (10%)


I've found that if you get a car loan quote at CarMax, they will send you the credit score that they got.

One of my credit card companies offers free FICO scores, which is snapshotted once a month.


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