Tag: Ficoscore

Posted on 06/07/2021
Why do I need to have some credit card debt to have good FICO scores?
The FICO score was not created in favor of you (the consumer). The credit card companies and lending institutions would not prosper if each of us used their credit lines and paid them off in full every month.Creditors charge interest and that’s where they make their money. Therefore, the creation of the FICO score calculation is created by...
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