This is Topic: FICO Score/Credit
Following are the News Items published under this Topic.
Topic name: FICO Score/Credit
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Fair Isaac Corporation (FICO) |
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on Thursday, September 02, 2004 - 07:45 PM PST |
Fair Isaac Corporation (FICO) is one of the few companies that are in business of selling numbers. The corporation develops and markets formulas that help client companies make better decisions about dealing with customers. Fair Isaac researchers are investing a growing number of business solutions fueled by statistics and consumer data that can be fed into its proprietary formulas. [read more]
Note: Additional links are provided. For more information call our office at 888-Do0-Fees or visit our web site at www.0feemortgages.com |
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What is Credit Scoring? |
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on Wednesday, August 11, 2004 - 06:52 PM PST |
⇒ Payment History (35% of the credit score’s weight)
1) The fewer lates, judgments, liens or collections, the better.
2) Recent derogatory items are more indicative of future default than those that occurred more than 24 months ago.
3) The severity of a delinquency (how far past due) will impact the score.
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Facts Consumer Should Know |
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on Wednesday, August 11, 2004 - 06:49 PM PST |
What is included in a credit report? A credit report is a person’s credit history as reported by the three major repositories: Equifax, Trans Union and Experian. This includes the credit accounts obtained through banks, retailers, credit card issuers, etc. The report includes any public records such as judgments, tax liens or bankruptcy. The credit report will also show inquiries: the names of companies who have obtained a copy of the borrower’s credit report for any reason. A consumer’s inquiry into his or her own credit report will not be reflected.
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Tips on Raising a FICO score |
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on Wednesday, August 11, 2004 - 06:40 PM PST |
When you apply for credit, your credit score helps lenders decide how likely it is that they get paid back on time. The most widely used credit bureau cores are developed by Fair, Isaac and Co., and their rating are widely known as FICO scores. With a higher score, you will be able to qualify for better interest rate. [read more]
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What is a FICO Score? |
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on Wednesday, August 11, 2004 - 06:36 PM PST |
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A FICO score is one of the most prevalent credit scoring models that lenders use to determine a customer?s credit risk (ability and likelihood to repay debt). [read more]
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