Re: WHAT IS THE FICO SCORE OF 720 REALLY MEANS TO THE LENDER?
01-17-2013 09:20 PM
I think a good rule of thumb is: focus on what's on your credit report not your score. Your FICO score is a good prediction of future risk with most lenders and can get you approved instantly if it's good enough but I know many with great FICO scores on here that still have concerns when apping a lender because even with the great score- it's still comes down to what's on the report. For example: How many recent inqs you have. A lot here put to the wayside the value of focusing on what's on your report. Do this and your FICO falls in line. JMO.
Starting Score: 642
Current Score: EQ 781, EX 776 (Amex Pull), TU 787 (All FICO)
Goal Score: 800+
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