FICO stands for Fair Isaac company. It is a company that looks at your credit rating (bureau) reports and feeds all the information into a computer and from 100 or so different bits of information.. Spits out a number which is a score between 300 and 850. Higher the score, better chance to get that fishin boat. Lower score, better look for cover…
Most Mortgage lenders will give you one for a score of 500 or better… Higher interest but doable. Score of 750, best rates in the country.
More information is available through True Credit or another credit reporting agency.