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Lab1-1 Credit - 760(Excellent to 620(poor ◦ 35 Payment...

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Click to edit Master subtitle style  8/3/11 Give Yourself Some Credit Understanding your Credit Report Kala Carroll Economics 101
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 8/3/11 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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 8/3/11 How FICO is Calculated Range – 
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Unformatted text preview: 760 (Excellent) to 620 (poor) ◦ 35% Payment history ◦ 30% Amounts Owed ◦ 15% Credit history length ◦ 10% New credit ◦ 10% Credit types 8/3/11 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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Lab1-1 Credit - 760(Excellent to 620(poor ◦ 35 Payment...

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