Credit Report Q&A

On the one hand I'm hearing that my good FICO score indicates I'm still a good credit risk, yet lenders who would have given me credit in the past may not want to do so now, given this current "credit crunch." I don't understand why they wouldn’t want to lend to me if I have a good score?

Currently, lenders have less money to work with than in the past. When this happens and they're faced with making fewer loans, lenders will make those loans to borrowers with the best chance of repayment – often, those with the highest FICO® scores. For this reason, it's now more important than ever to make sure you're handling your credit responsibly.

Was this article helpful? Give us feedback

FICO® Score

The Score That Matters®

The FICO Score is the standard credit score in the US, used in more than 90% of lending decisions. Learn more

Credit Cards Center
   


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+