Different Types of Fico Scores?


Josh:                        Are there different types of Fico scores?

Samira:                  Yes, because again we’re going to the same situation. If you’re going to apply for a credit card, the credit report is simpler so it’s going to give a different type of score than if you go apply for a home loan at a bank or some other institution where it’s going to be much more detailed.

———————————————————————————————————————————————————To summarize the video, the FICO scores is basically the organization that generates your scores, which then is sent to the three major credit bureaus. Depending on what you are trying to use your credit for or applying is depending on which FICO score will be reflected to the sellers.