*FICO credit scores range from 300-850
*The FICO algorithm is most commonly utilized when lenders are considering consumer's eligibility for credit.
*Paying off accounts can cause a decline in FICO score.
*FICO score consists of 5 core factors
35%-Payment History
30%-Credit card utilization
15%-Length of credit history
10%-Inquires & New Credit
10%-Diversification of credit mix
*The FCRA is most commonly used to identify violations contained in consumer reports.
*Never dispute inaccuracies online!