FICO (Fair Isaac COrporation) is a credit score that is given to each individual. This method of credit scoring is based on determining the likelihood that credit users will pay their bills. Since the late 1950’s, scoring has become accepted by lenders as a means of credit evaluation. When you are looking to buy a home, a car or any other large purchase by credit, lenders are interested in checking your credit score. Nowadays creditors are interested in looking at your FICO score. What is a FICO score you may ask? When a credit report is generated for a purchase of a home, for example, a total score is generated when your information is inputted. There are many factors that are considered when reaching a score. Like, whether you pay your credit cards, loans, or any other credit items in a timely fashion. Scores range from a low of 300 to high of 900.