As creditors raise the requirements for FICO Scores to qualify for Credit and Financing, the average credit FICO Score for people is starting to drop.

This is mostly due to missed payments as the Credit Crisis has taken a hold on the general public.

As time passes, FICO Scores needed to qualify for general financing is increasing. There was a time where a 620 FICO Score would get you any type of Mortgage Financing you could ever need. Now, with the new guidelines set forth by the Federal Government Economic Stimulus Package Credit FICO Scores needed are in the 700's for the Premium pricing and 680 is now the lowest FICO score needed to qualify for most loans.

Do you own your own business?  The a 700+ FICO Score is needed for any type of Home Mortgage Financing.

Small business lines of Credit are raising the bar for FICO Score Requirements as well. While you might be able to get a Business Line of Credit with a lower FICO Score, the costs of these loans can be much, much higher.

Even if you use these Short Term Loans to pay down debt to Raise Your Scores to refinance the new line of credit