FICO Scores

In this video I discuss what a FICO score is and how it affects your loan terms and credit card rates. Low credit scores mean you are at high risk for not paying back the loan. Therefore, your interest rate will probably be higher, meaning you have to pay more to borrow the money. A high credit score means low risk and a low-interest rate. You can improve your credit score by paying your bills on time. Consumers can access free annual credit reports from, a US Government-sponsored website. The three credit bureaus are Experian, TransUnion, and Equifax.

US Federal Trade Commission website about the free credit reports:

Request free credit reports from

Three Credit Bureau Websites are:

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