Lab 1-1 Credit - 35% - Payment history 30% - Amounts owed...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Give Yourself Some Credit Understanding Your Credit Report Krystal Wein Economics 101
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Credit Report Rundamentals 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
Background image of page 2
How FICO Is Calculated Range –  760  (excellent) to  620  (poor)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 35% - Payment history 30% - Amounts owed 15% - Credit history length 10% - New credit 10% - Credit types 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...
View Full Document

Page1 / 4

Lab 1-1 Credit - 35% - Payment history 30% - Amounts owed...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online