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FICO Score - What is That?



FICO Score - What is That?
Reading Level
     edHelper's suggested reading level:   grades 1 to 3
     Flesch-Kincaid grade level:   2.78

Vocabulary
     challenging words:    mother, based, bills, chips, entire, exactly, gooey, hooray, stirred, yippee, chocolate, chip, also, borrow, card, cookie
     content words:    Fair Isaac Credit Organization


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FICO Score - What is That?
By Colleen Messina
  

1     Morgan and her mother were making chocolate chip cookies. Then, the phone rang. Morgan's mother answered the phone. She looked so happy when she hung up that she dumped the entire bag of chocolate chips into the gooey cookie dough. Morgan's eyes grew wide with surprise.
 
2     "Hooray!" said Ms. Frugal. "My FICO score went up!"
 
3     "That's great, Mom, but what is that?" asked Morgan. "Does this mean you won a prize?"
 
4     "Not exactly," said Ms. Frugal. "But having a good FICO score can help us win with our money. I will try to explain how. Understanding money is important for you."

Paragraphs 5 to 11:
For the complete story with questions: click here for printable


Extended Activities:

1.  Ask your parents about what they know about FICO scores. Then, tell them what you have learned. Were they surprised by your questions?

2.  Do you think it is good for people to have FICO scores? Why, or why not?



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