RobertSimmons_CGS2167_Computer Application_Lab 1-1 Credit

RobertSimmons_CGS2167_Computer Application_Lab 1-1 Credit -...

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Click to edit Master subtitle style  4/7/11 Give Yourself Some Credit Understanding Your Credit  Report Robert Simmons Economics 101
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 4/7/11 Credit Report Fundamentals Generated by three companies Experian, Equifax, TransUnion Factors How much you owe to each company Payment history for each company Includes utilities, medical expenses, rent
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 4/7/11 How FICO Is Calculated Range –  760  (excellent) to 
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Unformatted text preview: 620 (poor) ◦ 35% - Payment history ◦ 30% - Amounts owed ◦ 15% - Credit history length ◦ 10% - New credit ◦ 10% - Credit types 4/7/11 Improve Your FICO Score Pay bills on time Avoid opening many new accounts ◦ Open only if you intend to use Keep balances low ◦ Less than 25% of credit limit Review credit report yearly...
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This note was uploaded on 04/06/2011 for the course CGS 2167 taught by Professor Stomper&boswell during the Spring '11 term at Everest University.

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RobertSimmons_CGS2167_Computer Application_Lab 1-1 Credit -...

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