Question by AmericanPsycho: Am I the only one who feels that the term “line of credit” is an ambigious and annoying?
The banking industry term “line of credit” makes my blood boil for some reason. First, it is an ambigious terms that can refer to any number of things, but mostly relates to home collatoral loans, why not just call it that?! Most people have no idea what it means for good reasons, but the banking industry insists on stuffing the term down our throats via commercials and advertising.

Best answer:

Answer by eagleperch
Yes.

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Question by mr. a a.: what is term “mid fico score”?
this term is used in subprime lending

Best answer:

Answer by Dusti
The middle score is used in mortgages lending by taking all three credit bureaus scores and selecting the one in the middle. Example: If your Experian score is 680, TransUnion 712 and Equifax is 690, your middle score will be 690 by taking the lowest score and highest score and taking the one in the middle.

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Question by : what is term “mid fico score”?
this term is used in subprime lending

Best answer:

Answer by Dusti
The middle score is used in mortgages lending by taking all three credit bureaus scores and selecting the one in the middle. Example: If your Experian score is 680, TransUnion 712 and Equifax is 690, your middle score will be 690 by taking the lowest score and highest score and taking the one in the middle.

Add your own answer in the comments!

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