What is the fico score?

Why is the fico score important and why should I know about it? Fico Score: A Little History In Credit Score it was explained that credit agencies gathering your credit information and use large databases to calculate your rate, which happens to be the fico. This stands for Fair Issac and Company and the score was primarily used in lending transactions. It utilizes many factors that determine a rating. In additions to lending industry, the insurance and even employers are using credit scores as..