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What Is a FICO® Score?

By Matthew Frankel, CFPUpdated Dec 13, 2024 at 10:29 AM

Key Points

  • Credit scores condense your report into a score aiding lenders' quick decisions.
  • FICO® Scores, most used in loans, range from 300 to 850; higher is better.
  • High FICO® Scores improve loan approval rates and terms, saving money.

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