WHAT IS FICO SCORE?

FICO Score is mentioned on the Credit Report, issued by the Credit Bureau SA, is a number between 300 and 850, a a result of an analysis that indicates the probability that the persona concerned will fulfiil his contractual obligations.

What the Credit Report Contains:

• Payment history
• Current debt
• Duration of the credit account
• Request for new loans ( number of queries and requests in the last 6 months)
• Credit type

What does the FICO score mean:

• A high score – a low risk of default in the future
• A low score – an increased risk of default in the future

In order to obtain a credit offer, with a good interest and costs, it is ideal for your FICO score to be as high as possible.