What Makes Up My Credit Score?
What Makes Up My Credit Score? By Zachary M. Potojecki First, there is a slight correction I must make to the title before we move forward. Whether you rejoice or regret discovering this three-digit number that defines your financial well-being, we often refer to it incorrectly. It should say, “What Makes Up My FICO?” At URW, we use the Fair Isaac Corporation, or FICO for short, which is the industry-standard for measuring creditworthiness of a consumer, ranging from 300 to 850. The vast majority of lenders use FICO as their standard for credit approvals. There are three different FICO versions, which are TransUnion, Experian, and Equifax. At URW we use TransUnion. You’ve probably seen a commercial for Cre...