credit. credit rating range: 300-850 higher is better most lenders base approval on scores fico...

Credit

Upload: garey-snow

Post on 17-Jan-2016

214 views

Category:

Documents

0 download

Report

Download

Tags:

Embed Size (px):

TRANSCRIPT

Credit

http://www.youtube.com/watch?v=hn5EP9StlVA&feature=PlayList&p=0230F4D385F179BA&playnext=1&playnext_from=PL&index=1

FICO SCORE (FAIR ISAAC CORPORATION)

Credit rating Range: 300-850

higher is better Most lenders base approval on

scores

FICO Percentage Breakdown

http://www.annualcreditreport.com/

CHECK YOUR CREDIT REPORT

• One free credit report per year from each of the three credit reporting agencies• Experian: www.experian.com• Equifax: www.equifax.com• TransUnion: www.transunion.com

• www.creditkarma.com• Provides free reports for

Transunion & Equifax

Page 4: Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO Percentage Breakdown

HIGH IMPACTING FACTOR

Page 5: Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO Percentage Breakdown

HIGH IMPACTING FACTOR

Page 6: Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO Percentage Breakdown

HIGH IMPACTING FACTOR

Page 7: Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO Percentage Breakdown

MEDIUM IMPACTING FACTOR

Page 8: Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO Percentage Breakdown

LOW IMPACTING FACTOR

Page 9: Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO Percentage Breakdown

LOW IMPACTING FACTOR

Page 10: Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO Percentage Breakdown

BENEFITS OF HAVING GOOD CREDIT

More loan opportunities

Increased borrowing limits

Higher approval for renting

Reflects well for employment opportunities

Lower interest rates

Page 11: Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO Percentage Breakdown

Myfico.com

Credit Scores Effect on Interest Rates

Page 12: Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO Percentage Breakdown

RESOURCES/SUGGESTED READINGSThe Road to 850: Proven Strategies for Increasing Your

FICO Credit Scores by Bingham

Eight Steps to Seven figures by Carlson

Getting Rich in America by Liberman and Lavine

The Millionaire Mind by Stanley

The Millionaire Next Door by Stanley & Danko

The Automatic Millionaire by BachTIAA-CREF

"Investing for your Future" Home Study Course

Extension Personal Finance Site

RCE Money and Investing Site

Investor Education Foundation

Choose to Save

Save and Invest

My Money (Federal Government Site)

Poverty in the USKiplinger

https://www.tiaa-cref.org/public/index.html

http://www.extension.org/pages/10984/investing-for-your-future

http://www.extension.org/personal_finance

http://njaes.rutgers.edu/money2000/

http://www.finrafoundation.org/resources/education/modules/

http://www.choosetosave.org/

http://www.saveandinvest.org/

http://www.mymoney.gov/

http://www.nclej.org/poverty-in-the-us.php

http://kiplinger.com/

FICO- The most widely used credit score · FICO Scores offer them quick, accurate, and consistent metrics of credit risk, helping not only lenders but millions of consumers access

FAQs about FICO Scoresficoscore.com/wp-content/uploads/Frequently-Asked-Questions-About... · FICO® Scores are used by 90% of top lenders. Lenders can request FICO ® Scores from

Frequently Asked Questions about the FICO Score · The credit score most widely used in lending decisions is the FICO® Score, the credit score created by Fair Isaac Corporation (FICO)

Understanding FICO Scores - MySynchrony · FICO® Scores are used by thousands of creditors including the largest lenders, making it the most widely used credit score. Experts estimate

SPRING 2017 LEASE OR BUY A NEW CAR? - Squarespace · PDF fileThe gold standard is still your FICO credit score, used for over 20 years by most lenders. FICO stands ... his Personal

Frequently Asked Questions about FICO ScoresThe credit scores most widely used in lending decisions are FICO® Scores, the credit scores created by Fair Isaac Corporation (FICO). Lenders

FAQs about FICO Scores - First Bankcard · The credit scores most widely used in lending decisions are FICO® Scores, the credit scores created by Fair Isaac Corporation (FICO). Lenders

FICO Scoring Questions · » Better FICO score (good previous credit history) » Lower utilization, less overLower utilization, less over-limit on credit card (better credit management)limit

Introduction to Credit and FICO® Scores

Overview of FICO What are FICO - Space Coast Credit Union...Myths Concerning FICO® Scores 15 Myth: A FICO® Score Determines Whether or Not I Get Credit. 15 Myth: A Poor FICO ® Score

FAQs about FICO Scores · Lenders use FICO® Scores to help them make billions of credit decisions every year. FICO develops FICO® Scores based solely on information in consumer

FREQUENTLY ASKED QUESTIONS ABOUT FICO® SCORES€¦ · Because FICO® Scores are the credit scores most widely used by lenders—FICO ® Scores are used in over 90% of U.S. credit

FAQs about FICO Scoresficoscore.com/.../11/Frequently-Asked-Questions-About-FICO-Scores.pdf · credit scores used by most lenders, but different lenders (such as auto lenders and

COVALENCE ANALYST PAPERS · FICO scores below 600 indicate high risk to lenders and could lead lenders to charge ... exercise any consumer right under the federal Equal Credit Opportunity

Understanding Your Your FICOFICO Score · 2 FAIR ISAAC CORPORATION UNDERSTANDING YOUR FICO SCORE How FICO® Scores Help You FICO scores give lenders a fast, objective measurement

Frequently Asked Questions about FICO Scores credit scores most widely used in lending decisions are FICO® Scores, the credit scores created by Fair Isaac Corporation (FICO). Lenders

Understanding Your Credit Score Get the Facts About Credit ... · FICO scores and could actually hurt your credit standing with lenders. The advice in this booklet and on applies

FICO Score Open Access: Consumer Credit Education

FICO Credit Score Algorithm - Paul Dourish · 10/28/2014 · FICO Credit Score Algorithm Group 14 . What is FICO? Fico is short for Fair Isaac and Co. It is the most widely used

FAQs about FICO Scores - Premier Bank Card Online - Home · FICO® Scores are used by 90% of top lenders. Lenders can request FICO ® Scores from all three major consumer reporting

Understanding Your Credit Score Get the Facts About … Library/PDFs/Graphical Info Files...Lenders use FICO scores to make billions of credit decisions every year. Fair Isaac develops

FAQs about FICO Scores Asked... · FICO® Score but also consider information from your credit application. • FICO Customer risk scores. A lender may use these scores to make credit

Understanding Your FICO Score - mafc.comFICO. FICO® Scores are provided to lenders by the three major credit reporting agencies: Equifax, Experian and TransUnion. When lenders order

Your Credit Rating Credit Scores Explained. What is a credit score and what is it designed to do? FICO score FICO score Summary of one’s credit worthiness

Women's Guide To A Better Car Deal! · The three credit bureaus utilize the FICO score or credit score as part of their overall credit reporting to lenders. In Fact, there are many

FICO Vs. VantageScore: Connect With Us€¢ A FICO score of 750 is considered a good credit score, which means lenders likely will view you as a good credit risk. A VantageScore of

FAQs about FICO Scores - Police Credit Union · FICO® Score? ... Industry-specific FICO® Scores, such as those for auto lending or credit card lending, were developed to accommodate

Frequently Asked Questions about the FICO Score · reporting agencies. Lenders use FICO® Scores to help them make billions of credit decisions every year. FICO develops FICO® Scores

You and Your Credit Score FICO. The Score The most widely used credit score is the FICO Score, the credit score created by Fair Isaac Corporation. Lenders

Understanding · 2 3 The score lenders use. FICO® Scores are the most widely used credit scores—according to a recent CEB TowerGroup analyst report, FICO® Scores are used in over

FAQs about FICO Scores - pfile. · PDF fileThe credit scores most widely used in lending decisions are FICO® Scores, the credit scores created by Fair Isaac Corporation (FICO). Lenders

Understanding Your Your FICOFICO Score - Maroon · PDF file2 FAIR ISAAC CORPORATION UNDERSTANDING YOUR FICO SCORE How FICO® Scores Help You FICO scores give lenders a fast, objective

NATIONAL A REALTORSAccording to a recent NAR survey, roughly 60 percent of lenders believe FICO’s latest credit score model, called FICO 9, will result in the increased acceptance

CREDIT - On-Site FICO? The term “credit score” sometimes refers to your FICO score, a number designed for bank and other lenders. Generally speaking, the higher your score, the

credit. credit rating range: 300-850 higher is better most lenders base approval on scores fico...

Documents

fico credit scores

stanleythe millionaire

comcredit scores effect

lavinethe millionaire

free reports

limitshigher approval

lenders base approval

binghameight steps