What Your Credit Score Means

Your FICO score has been likened to your “adult G.P.A.” If someone at your high school said they had a 3.0 you knew what that meant. But most adults don’t know how to interpret their FICO scores. To start with, the FICO scores were developed by a company called Fair Isaac. They are designed to take the data in your credit report and boil it down to a number so that creditors can quickly gauge your credit worthiness without spending a lot of time on the details.