That was my bad.....A few cocktails too many! FICO = Fair Isaac Score FICO scores are your credit rating They range from 300-850, higher is better Most lenders base approval on them Higher scores mean lower interest rates FICO scores are calculated based on your rating in five general categories: Payment history - 35% Amounts owed - 30% Length of credit history - 15% New credit - 10% Types of credit used - 10%
If your FICO score is 750-800 you should be getting the best offers from creditors. Here is the trick, you need a creditor who will let you use the money how ever you want, cash,purchase,pay of higher interest loans. They may charge a transaction fee some have a max-min, some set it @ 3% If you can find an offer for under 3% with no transaction fees, it's like free money, you can capture the spread.