Your credit worthiness is measured by using FICO score. Your credit history, available lines of credit, on-time payment of bills, open lines of credit and many other factors contributes to formulate your FICO score.
Having knowledge of your credit can help when applying for any type of credit. Lenders look at two aspects of your credit; your FICO (Fair Isaac Corporation) Score and your credit report. Here we will concentrate on basic aspect of FICO Score.