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

Day 5-Part 2 Slides-Ch 6-Part 1-7.5.11 - Day5:Part2...

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Business Management 301 Day 5: Part 2 Chapter 6: Part 1—Bond Valuation July 5, 2011
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Day 5: Part 2 Agenda 1) Reading Quiz for Chapter 7—Due Thursday,  July 7 at 8:00 AM 2) Personal Finance Topics 3) Negotiation Tips 4) Chapter 6: Part 1 Discussion
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Personal Finance: Personal Finance: Credit Scores Credit Scores
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Credit Reports Credit reports are very detailed and include personal  demographics (i.e. age, social security number, previous  address, employment history, and criminal convictions).
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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
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Five Categories for FICO Source:  http://hubpages.com/hub/Best-Credit-Score-Infographics
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National Distribution of Credit Scores Source:  http://hubpages.com/hub/Best-Credit-Score-Infographics
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Credit Scores by State Source:  http://hubpages.com/hub/Best-Credit-Score-Infographics
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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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