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 www.annualcreditreport.com, a US Government-sponsored website. The three credit bureaus are Experian, TransUnion, and Equifax.

US Federal Trade Commission website about the free credit reports: www.consumer.ftc.gov/articles/0155-free-credit-reports

Request free credit reports from www.annualcreditreport.com

Three Credit Bureau Websites are:

Be sure to like this video and subscribe to the Smart and Sassy Money channel!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s