February 21, 2016
The FICO credit score has been used to determine how financially responsible and trustworthy a consumer is. The credit number has been critical to the home rental and loan application processes, especially after the financial crisis. In case a consumer doesn’t have a sufficiently high credit score (FICO), landlords and banks will most likely reject them.
There are an estimated 53 million Americans without a credit score and many do not have a high enough credit score to get a loan. Many of them are recent graduates, migrants and young adults who prefer to avoid using credit, and veterans who have been out of the country.
Multiple credit ...