Sponsored Brief: Your Money Minute: Unpacking FICO
Last updated 3/14/2019 at Noon
Education is at the center of everything we do at Inspirus Credit Union. In 2018 alone, Inspirus gave over $650,000 to schools, students, and educators in need across the state. It is also the credit union’s wish to equip others with the knowledge to confidently achieve their financial goals.
One of the trickiest things about becoming more financially literate is understanding all the terms that come with it, like FICO. Simply put, a FICO score is a number between 300 and 850 that may help predict the amount of risk you have. The higher your score, in general, the higher the likelihood you’ll pay your bills on time and in full, and the lower the risk you may be to the lender.
For tips on how to improve your FICO score, check out Your Money Handbook a blog for Northwesterners to learn useful ways on how to save, secure the best loan, and more. Check it out at inspirusCU.org/blog. Then, join the nearly 80,000 Inspirus members who are passionate about education. Get helpful financial guidance, savings techniques, and more. And rest easy knowing your deposits are insured by the NCUA.