807 Credit Score
From DWiki
What Is A Credit Score or FICO Score?
A credit score, also known as a FICO Score is a number that summarizes your credit risk, based on a snapshot of your credit report at a particular point in time. A credit score helps lenders evaluate your credit report and estimate your credit risk. The most widely used credit scores are FICO scores, the credit scores created by Fair Isaac Corporation.
What Makes Up a Credit Score?
Your FICO score is essentially made up of the following:
* Payment History – 35% * Total Amounts Owed – 30% * Length of Credit History – 15% * New Credit – 10% * Type of Credit in Use – 10%
How can I Rank My Score?
Scores are assigned a numeric value of between 300 and 850. Here is the general scale and what the scores may mean:
700 and above: Excellent / Very Good Credit. You are considered a low credit risk by institutions and would generally qualify for the lowest interest rates and repayment terms.
680 -699: Good Credit. You will usually be approved for loans with favorable terms.
620-679: Reasonable Credit. You are a moderate credit risk, and while you won’t usually be refused credit, you will not be able to borrow at the best rates.
550-680: Poor credit. You may have to shop around to find a lender willing to approve an application for you, and your loans will be quite expensive.
below 550: Very bad credit. You are considered a high risk customer and will have difficulty finding lenders. You will have to look seriously at some strategy of ‘credit repair’.
AnnualCreditReport.com is a website sponsored by TransUnion, Experian and Equifax. Users can request a free credit report from each service once a year.
Credit Reporting, Repair and Protection
- CreditReport.com - Free Credit Score + Free Credit Report
- myFico.com - Free FICO® Credit Score Estimator
- NationalCreditReport.com - Free Credit Report and Score
- Equifax.com - Get Equifax Credit Watch Gold 3-in-1 Now!
- TrueCredit - 3-Bureau Credit Monitoring
- Ovation Credit Report Repair - Improve Your Credit Scores
- LifeLock - Get Identity Protection!
- Smart Business Reports - Know Your Business Credit Score
Credit Report News
 Forbes (blog) | Five ways to improve your credit score Helium Credit Report- Get a copy of your credit report to make sure that everything is correct on it. There are often mistakes on credit reports and even the ... Take stock of finances as summer winds up Credit Karma Essentials Checklist: Do You Have Everything You Need For Good ... When Corporate Cards Hurt Personal Credit |
Watch out for hidden fees on "free" credit report websites FOX6Now.com Milwaukee Every American citizen is entitled to a totally free and accurate credit report once every 12 months thanks to the Fair Credit Reporting Act. |
 SayEducate (blog) | Roseman: Exercise your right to a free credit report Toronto Star 5), I said you can get free access to your credit report ? but not to your credit score, a newer bit of information that's not mentioned in Ontario's ... 3 Consumer Credit Reporting Bureaus |
Moody's Revises DAC Report National Underwriter Property And Casualty Insurance News Moody's revised its weekly credit report concerning deferred acquisition costs, breaking the category for insurers into three groups ... |
 FreeRateUpdate.com | How to obtain a mortgage LoanSafe Most mortgage professionals would also suggest to make sure you review your credit report prior to applying for a home loan. The Fair Debt Collection ... Home Mortgage Refinance Loan Rates ? Best Interest Rate Offers in Years from ... How to get qualified and approved for the Making Home Affordable Program How low will mortgage rates go? |
Why a security freeze spiked my insurance premiums Computerworld (blog) They're just not set up to accomodate people who protect their credit reports in this way. My most recent hassle came today when I received a note from my ... |
Employees could get stuck with business credit card debt Debtmerica Relief (blog) Other indicators include a corporate account which shows up on their personal credit report, and if they are required to pay the bill and then get ... |
 CPI Financial | SHAWN BUMGARDNER: Even countries need to care about credit ratings Southgate News Herald But what happens when nations get low marks on their credit report cards? Like consumers, countries can get into a trouble when their ability to meet their ... SEC issues report cautioning credit rating agencies |
 AllGov | Small Businesses Stand to Reap Big Rewards from Health Tax Credit, Report Finds BusinessNewsDaily The Congressional Budget Office, according to the report, estimates the tax credits could supply as much as $40 billion in support to small businesses over ... 3.4 million workers in firms likely to take up tax credit by 2013 Small-business owners see changes headed their way under health care reform |
Rebuilding credit after tough financial times KAIT Patterson says that means getting your credit report and checking to make sure it's mistake free. "If you wait too long to see what's on the credit report ... |
