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Credit Scores

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Highlights:

  • FICO scores are used by some lenders to help determine your likelihood of paying bills on time

  • FICO has many different scoring models

  • FICO scores are calculated using information in your credit reports

Fair Isaac Corporation created FICO scores. There are many different versions of the FICO score based on different scoring models.FICO scores useinformation in your credit report to help determine your likelihood of paying bills on time. Lenders often use FICO scores to help decide if they will extend credit to consumers.

FICO scores, as well as credit scores other companies calculate using different models, can predict similar types of risk. It'simportant to remember that because different FICO scores and other credit scores were createdusing different scoring models, the scores may not be identical. Different credit score models have different formulas and calculations (often called algorithms) that use data differently to help predict a person’s likelihood to repay bills on time.

Although FICO has many different scoring models, it uses relative percentage weights to help determine how much impact certain factors will have in helping determine a FICO credit score. The main categories considered area person’s payment history (35%), amounts owed (30%), length of credit history (15%), new credit accounts (10%), and types of credit used (10%).

FICO scores are available from each of the three major credit bureaus, based on information contained in consumers’ credit reports. Because there are different FICO scoring models and different credit bureaus, consumer credit scores may differ depending on which bureau's credit report and which FICO score model is used.

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FAQs

What are the 3 types of articles? ›

In English there are three articles: a, an, and the. Articles are used before nouns or noun equivalents and are a type of adjective. The definite article (the) is used before a noun to indicate that the identity of the noun is known to the reader.

What is an example of the articles? ›

English has two articles: the and a/an. The is used to refer to specific or particular nouns; a/an is used to modify non-specific or non-particular nouns. We call the the definite article and a/an the indefinite article. For example, if I say, "Let's read the book," I mean a specific book.

What are the 10 examples of articles? ›

Article 'A' :
  • I'm a good boy.
  • He's a topper.
  • He was really a genius guy.
  • He wasn't a mad.
  • She is a painter.
  • She is baking a cake.
  • She's preparing a speech.
  • They are going to buy a bugatti.
Jun 20, 2020

What are the 3 main articles? ›

The Articles
  • Article I. Legislative Branch.
  • Article II. Executive Branch.
  • Article III. Judicial Branch.
  • Article IV. States, Citizenship, New States.
  • Article V. Amendment Process.
  • Article VI. Debts, Supremacy, Oaths, Religious Tests.
  • Article VII. Ratification.

What are the 3 commonly used articles? ›

An article is a word that is often used at the beginning of noun phrases. There are three articles in English: Indefinite articles (a/an), definite articles (the), and the zero article.

What are the 10 examples of definite articles? ›

Examples
  • The sun rose at 6:17 this morning.
  • You can go anywhere in the world.
  • Clouds drifted across the sky.
  • The president will be speaking on TV tonight.
  • The CEO of Total is coming to our meeting.

What are the 7 articles? ›

Articles of the Constitution
  • Article I Legislative Branch.
  • Article II Executive Branch.
  • Article III Judicial Branch.
  • Article IV Relationships Between the States.
  • Article V Amending the Constitution.
  • Article VI Supreme Law.
  • Article VII Ratification.

What are the 4 English articles? ›

The articles in English grammar are "the," "a," and "an." English has only one definite article: "the." This is used to refer to a particular person or noun: for instance, "the President of the United States." English has two indefinite articles: "a" and "an." These are used to refer to a non-specific noun: for ...

What are the 5 articles in English? ›

Singular, countable nouns always have an article – a/an or the (or another determiner – my, your, this, that, etc.). We use a/an – the indefinite article – when we talk about something for the first time, or something that is part of a group or type. I saw a good film yesterday.

What are the three most common articles? ›

Articles are words that come before nouns (or sometimes adjectives) to indicate meaning of the noun or clarify how specific the noun is. The most common articles are the, a, an.

What is article 2? ›

Article 2, Constitution of India 1950

Parliament may by law admit into the Union, or establish, new States on such terms and conditions as it thinks fit.

What do the first 3 articles lay out? ›

The first three articles of the Constitution establish three branches of government with specific powers: Executive (headed by the President), Legislative (Congress) and Judicial (Supreme Court).

What are the three articles in writing? ›

There are three articles in the English language: a, an, and the. They are placed before nouns and show whether a given noun is general or specific.

What are the first 3 articles about? ›

The first three articles establish the three branches of government and their powers: Legislative (Congress), Executive (office of the President,) and Judicial (Federal court system).

What are the three types of scientific articles? ›

Types of scientific articles include primary articles (original research articles, case reports/case series, and technical notes), secondary articles (narrative review articles and systematic reviews), special articles (letters to the editor, correspondences, short communications, editorials, commentaries, and ...

What are the different styles of articles? ›

Depending on its purpose, an article will most likely fit into one of four types: expository, persuasive, narrative, or descriptive. The type of article you are writing will also dictate your style and tone. Here is how these four types are commonly seen in business writing.

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