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FICA is an acronym for Social Security. FICO is one for a credit score provided by one of the credit agencies.

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Q: The difference between FICA and FICO?
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Related questions

Is your beacon score and FICA score the same?

A beacon score is just the name given to the equifax branded FICO score. So your FICO score and beacon score will be the same if your FICO score is pulled using your equifax credit report.


What is the meaning of fica?

Fico- a corporation that invented a model used to create your credit score and commonly used by many institutions.


What is the difference between FICA and federal?

In short, FICA is for Social Security insurance contributions and only funds that. Federal is for income tax, which funds many things, but NOT your SS benefit.


What is range of FICO scores?

The FICO score ranges between 300 - 850.


Is your fica score a combination of all three credit bureaus?

No. There are actually 49 different FICO scores. Different credit bureaus use different scores for different industries.


What is the score range a FICO score can fall under and what is a good score?

FICO scores range from 300-850, and most people score in the 600's and 700's. Scores above 700 are considered very good.The average FICA score is typically at about 700 but it is not usually the case. In order to get the most favorable interest rate, keep your score somewhere between 760 - 850.


How many points will a chapter 7 bankruptcy reduce your FICA of 529?

FICA = social security taxes. FICO is your credit score. There is no way to tell how many points your score will go down. With a low of 529 your score may tumble less than someone with a much higher score pre-bankruptcy.


What is the highest possible fica score?

I've read that the FICO score is a system for evaluating your credit information. It was developed by the Fair Isaac Company, from whom it gets its name, and the highest score id 850.


Is sap-fica correct or sap-fico correct?

Both of them are correct. They are just different modules. FI-CO is Controlling module FI-CA is a module for running Contract Acoounts. Usuallu used for Utilities in cooperation with IS-U module.


What does the word fico mean in slang?

"Fico" can be a slang term for a small, insignificant amount of money, derived from the Italian word for fig, which is small. It is often used in a dismissive or belittling way, referring to something as being of little value or relevance.


What is the difference of the fico score and vantage score?

For starters FICO is scoring range is 300 to 850 Vantage is from 500 to 990 no one in the mortgage industry uses Vantage for more information check out www.thecreditguy.tv


Is 683 a good fico score?

Yes 683 falls into the good range on the FICO score scale. To be in the good range, your score must be between 680 and 740.