give yourself some credit diane jane gultiano
TRANSCRIPT
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Give Yourself Some CreditUnderstanding You Credit Report
Diana Jane GultianoEconomics 101
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Credit Report Fundamentals
Generated by three companies Experian, Equifax, TransUnion
FactorsHow much you owe to each companyPayment history for each company• Includes utilities, medical expenses, rent
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How FICO is Calculated
Range – 760 (excellent) to 620 (poor)35% - Payment history30% - Amounts owed15% - Credit history length10% - New credit10% - Credit Types
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Improve Your FICO Score
Pay bills on timeAvoid opening many new accounts
Open only if you intend to useKeep balances low
Less than 25% of credit limitReview credit report yearly