820 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
 Independent Online | Your credit score is too important not to maintain Chicago Tribune You have three FICO scores, computed based on information obtained from the three major credit bureaus (Experian, Equifax and TransUnion). All the credit card companies, finance companies and significant retailers report monthly information to the ... Credit help: How to continue your financial life after bankruptcy Get your free credit record check Credit repairs don't come easily |
 Bloomberg | Consumer Credit Increased 9.3% in December 2011 Economic Populist The Federal Reserve's consumer credit report for December 2011 shows a 9.3% monthly increase in consumer credit. Revolving credit increased 4.1%, and nonrevolving credit increased 11.8%. The Credit Kraken is clearly on a rampage, for the second month ... Surging consumer debt underscores economic recovery Consumer credit surges in December Consumer Credit Surges, But Is It Healthy Spending? |
 eCreditDaily.com | FTC issues warning to marketers about certain mobile apps ZDNet (blog) By Rachel King | February 7, 2012, 3:00pm PST Summary: The Fair Credit Reporting Act was designed to ensure the privacy as well as accuracy of consumer report information, and six mobile apps are in question as to whether or not they comply with this ... FTC Warns Makers of Background Checking Apps FTC warns mobile app marketers providing background checks FTC warns background screening mobile apps may be unlawful |
Speak up if you want free credit scores with annual reports: Plain Dealing Plain Dealer By Sheryl Harris, The Plain Dealer Consumers Union has launched a campaign urging Congress to make it free and easy for consumers to get their credit scores along with their free annual credit report. Credit scores determine how much we pay for credit ... Credit Builder Loans Can Help Burnish Your Credit Score 4 Ways to Start Improving Your Credit Score Today |
Free Financial Recovery Class - Effects of Foreclosures and Short Sales on ... Tucson Citizen The class focuses a lot on the credit report, we will review sample credit reports and study common errors often overlooked by consumers. There are a lot of example case studies we will discuss to give the material a real world feel, ... |
Former Hollywood Video & Movie Gallery Customers Protected From Abusive ... LEX18 Lexington KY News "Collection fees or interest should not be added to these accounts by the debt collection companies, and negative credit reports should not be made about the accounts. These protections help ensure that Kentucky consumers are treated fairly. |
Fine dodgers warned of law change TVNZ As of February 13, before granting credit to customers, companies will be able to find out if individuals have any unpaid fines with the Ministry of Justice. John Roberts from Veda Advantage, a company that reports on credit information, told TV ONE's ... |
 WXYZ | A new kind of credit report can tell lenders more than ever before WXYZ (WXYZ) - Most people realize their credit report will dictate whether they get a loan for anything from a car to a house, and if so, what kind of interest rate they'll pay on that loan. But now, a new kind of credit report, called CoreScore, ... New Credit Report Takes Into Account More About You |
The Credit Report with Bill Lewis: Week of February 6th Examiner.com Interesting guests and timely topics will be on AM 740 WSBR the week of February 6th and The Credit Report with Bill Lewis. After seven plus years on AM talk radio in South Florida, Bill Lewis will discuss his long anticipated move from morning drive ... |
FICO selling credit reports in Spanish for first time Washington Post NEW YORK ? Credit reports are now on sale in Spanish. The company behind the most widely used credit scores, Fair Isaac Corp., plans to announce Tuesday that its consumer website and products are available in Spanish for the first time. US company sells credit reports in Spanish |
