Day 5-Part 2 Slides-Ch 6-Part 1-7.5.11

Day 5-Part 2 Slides-Ch 6-Part 1-7.5.11 - Business...

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Unformatted text preview: Business Management 301 Day 5: Part 2 Chapter 6: Part 1Bond Valuation July 5, 2011 Day 5: Part 2 Agenda 1) Reading Quiz for Chapter 7Due Thursday, July 7 at 8:00 AM 2) Personal Finance Topics 3) Negotiation Tips 4) Chapter 6: Part 1 Discussion Personal Finance: Personal Finance: Credit Scores Credit Scores Credit Reports Credit reports are very detailed and include personal demographics (i.e. age, social security number, previous address, employment history, and criminal convictions). Credit Score Facts FICO scores (credit-bureau ratings produced by Fair Isaac and Co software) are provided to lenders by the three major credit reporting agencies: Equifax , Experian , and TransUnion . No credit score says whether a specific individual will be a good or bad customer and there is no single cutoff score used by all lenders. There are many factors that lenders use to determine actual interest rates. The higher the credit score, the lower a credit risk you are to lenders! Source: http://hubpages.com/hub/Best-Credit-Score-Infographics Five Categories for FICO Source: http://hubpages.com/hub/Best-Credit-Score-Infographics National Distribution of Credit Scores Source: http://hubpages.com/hub/Best-Credit-Score-Infographics Credit Scores by State Source: http://hubpages.com/hub/Best-Credit-Score-Infographics 1) Be Diligent : Once per year, get a copy of your credit report. Scrutinize it and make sure the information is correct....
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This note was uploaded on 11/17/2011 for the course BUS M 301 taught by Professor Jimbrau during the Summer '11 term at BYU.

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Day 5-Part 2 Slides-Ch 6-Part 1-7.5.11 - Business...

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