Re: WHAT IS THE FICO SCORE OF 720 REALLY MEANS TO THE LENDER?
01-17-2013 09:23 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.
thats true especially when you have new accounts they dont care about the fico score.Thats a good advice right there.Thanks
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