Posts Tagged ‘FICO score’

FICO Score Calculation

Tuesday, March 27th, 2012

FICO score is very useful for the lenders to check the applicant’s credit information or their financial history. The calculation of three digit FICO score is important to understand. The Fair Isaac Corporation checks your credit report to calculate your FICO score. Any incorrect or outdated information in your credit report would mean an incorrect […]

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Missed Payments And Your FICO Score

Wednesday, June 24th, 2009

If you know the FICO score calculation you will find the single worst thing you can do to your FICO score is to pay late. Your payment history accounts for 35% of your FICO score and 7 years of payments are taken into account. Missed payment are judged based on three factors. The first is […]

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Credit Score Models

Tuesday, June 9th, 2009

If you were aware you have more than one credit score.  If you really look there are over 1000 different credit score models.  A bit strange and confusing, but here is a quick guide to explain which credit score model you should care about. You might think the phrase credit score means a specific number […]

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Good Credit Score in 2009

Sunday, June 7th, 2009

Since the recent events in the credit market, the definition of what a good credit score could be changing. What has happened in the credit market and the old way your score was viewed. The best account of this could be the new times writer, Edmund Andrews, who just released a book on the crisis, […]

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Free Online FICO score

Sunday, April 19th, 2009

Are you looking for a free online FICO score?  Chances are you have had some trouble trying to find exactly what you are looking for.  The reason is that there is no such thing as a free online FICO score. The problems lies in the fact that when your are search for a “free online […]

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FICO Score Calculation

Monday, February 16th, 2009

To figure out your credit score you need to understand the basics behind the FICO score calculation.  This is a complex formula that takes into account information from your credit report to generate a three digit number.  There are five main area of the FICO score calculation and each has a different wieght. The first […]

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Credit Score Scale

Thursday, February 12th, 2009

There are several different ways to score credit.  There is the FICO score, Beacon score, and VantageScore.  Actually there is over one thousand different ways to score credit.  But are they all on the same credit score scale? Most actaully are but thier scoring could be different.  The most common credit score scale ranges from […]

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