Simply FICO

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Simply FICO

Have you abused your credit score?  Find out before you need to use it.

Are You A Credit Risk? No. Are You Sure? 

By Gus Benson

You may not find out how bad your credit really is until you apply for a mortgage. Then you will quickly realize that the low interest rates everybody raves about these days, the rates that are a big part of the rising prices of real estate across America, don't apply to everyone. To be specific, they don't apply to you! If you have bad credit, you are not going to receive the same low interest rates on your home loan that your neighbor with good credit will.

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How is FICO Scored 

  • 35% punctuality of payment in the past (only includes payments later than 30 days past due)
  • 30% capacity used: the ratio of current revolving debt (credit card balances, etc.) to total available revolving credit (credit limits)
  • 15% length of credit history
  • 10% types of credit used (installment, revolving, consumer finance)
  • 10% recent search for credit and/or amount of credit obtained recently

Debt/Credit Links 

FICO Score Scene
FICO Score Scene | Your information resource for FICO Scores
Eliminate Credit Card Debt Now
Eliminate Credit Card Debt Now | Your information resource for Eliminate Credit Card Debt
Credit Counseling Scene
Credit Counseling Scene | Your information resource for Credit Counseling
ReportZon
ReportZon: If It's Been Reported- We Can Find It

FICO News 

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FICo and Credit Blog Posts from Google 

2009 Credit Suit - the FACTS about Credit, FICO Scoring ...
5/9/08:FDRS - Federal Debt Relief Scam Sue owner Mark Cella for your refund 5/5/08:Trans Union BLATA...
Improving Your Credit Score. | Credit Repair: Companies, Bureaus ...
Credit is a part of our life, a lot of consumers have large amounts of debt and able to handle it, w...
Your Credit Score Is The Key To Your Financial Success. | Credit ...
Improving Your Credit Score. 2009-11-25 / 0 Comments. Credit is a part of our life, a lot of consume...
5 Ways to Ruin your Credit Score | Cheap Web Designs
Settling a debt with a collection agency would hurt less, probably much less, because the FICO formu...

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by uplander

Hello I'm C R Ellsworth
I was lucky enough to retire young and make a living doing things I enjoy.  I've been living and working from the Great...

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