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Simple English definitions for legal terms

FICO

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A quick definition of FICO:

Term: FICO

Definition: FICO is a tool that helps lenders decide if someone can get a loan or credit card. It uses a number between 300 and 850 to show how good someone's credit is. The higher the number, the better the credit. People with higher scores are more likely to get a loan and pay less interest. Scores below 579 are considered bad, while scores above 800 are considered great.

A more thorough explanation:

Definition: FICO is a credit scoring model developed by Fair Isaac Corporation. Lenders use FICO scores to determine if a person qualifies for a loan, and what interest rates or credit limits they should receive. Scores range from 300 to 850, with higher scores indicating a better likelihood of getting a loan and better interest rates.

For example, if someone has a FICO score of 750, they are more likely to be approved for a loan and receive a lower interest rate than someone with a score of 600.

FICO scores are categorized as follows:

  • Poor: below 579
  • Fair: 580-669
  • Good: 670-739
  • Very Good: 740-799
  • Exceptional: 800 or above

For instance, if someone has a FICO score of 800, they are considered to have an exceptional credit score and are more likely to receive the best interest rates and credit limits available.

Overall, FICO scores are an important factor in determining a person's creditworthiness and ability to obtain loans or credit.

FICA Tax | fictitious business name

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General

General chat about the legal profession.
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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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