Know Your FICO Score

The speaker discusses the importance of knowing what your FICO score is.  He mentions that many Americans may be using their credit cards more than they would like due to the financial crisis that this country is in.  He suggests that it is important to understand the ramifications that this activity is having on their credit report.  Some employers will actually check your FICO score before they hire you so you need to be careful how you extend your credit.

He makes a distinction between credit score and FICO score and suggests that they are not the same.  A FICO score between 760 and 850 is optimal.