Credit Logic

Difference in FICO Scores happens to better meet the demands of today's credit usage and to meet the needs of different types of lenders.

Auto lenders and credit card issuers look at some things differently to determine your creditworthiness. FICO created industry-specific scores to help these lenders make better decisions and serve their customers better.

Tip of the Day: Try and paying credit card balances in full when you’re able. It may help prevent your credit score from lowering and can save you money long-term.

While it may seem like only a small thing, it’s good to always make the minimum payment. Doing so can help you avoid late fees and having your lender report a missed payment to the credit reporting agencies. This is vital to your credit health because on-time payments are one of the important credit score factors.