FICO stands for Fair Isaac and Company.
These folks have developed a system that allows all of the content of an individuals Credit File to be condensced into a 3 digit number that runs between 330 and 850. The higher the number the better information we have on our file.
This system allows creditors to offer the “Instant Decision” at the car dealership or qualify you for the “no payments til 2011″ type of marketing deal. For more information contact us directly at Bankruptcy-America.com