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How the FICO Do I Repair My Credit?

How the FICO DO I REPAIR My Credit? What is a FICO Score? Most credit bureau scores in the US. are calculated from software developed by Fair Isaac and Company. They are commonly veferved to as FICO scoves and include a vating based on information found in cvedit veports. MINIMUM REQUIREMENTS FOR FICO ŚCORES At least one account that has been open for six or more months At least one undisputed account that has been reported to the credit bureau within the past six months No indication of deceased on the credit report FICO SCORES RANGE FROM 300 850 (higher amounts are better) What's Not in a FICO Score? Nationalitų Sex Religion Age Marital Status Job History Address Interest Rates Rental agreements Cvedit Counseling Race Color Account Diversity (10%) 10% How is a FICO Score 15% Calculated? 35% 30%) Total Debt Utilization Healthy Credit Practices Payment History Total Debt Utilization %24 Keep Balances Low Pay Off Debt Rather Than Spreading It Pay On-time Get Current Pay Off Collection Accounts Seek Counseling If Needed Don't Close Unused Credit Cards for Short-Term Gains Length of Credit History Don't Open Several New Accounts Too Quickly Older Well-Established Accounts Can Help Tremendously Continue to Use Old Accounts But Keep Them Up To Date New Credit Account Diversity la Seek a New Loan Within a Focused Timeframe Don't Open More Accounts Than You Need Open and Use a Credit Card Responsibly *People without credit cards can be viewed as a higher risk. Accounts Monitored: *Inquiries remain on your report for two years Credit Cards, Retail Accounts, Installment Loans, Finance Company Accounts and Mortgage Loans *FICO Scores only include inquiries from the last 12 months CHECK YOUR CREDIT REPORTS! Credit reports often differ from one another, as organizations may not report all details to every bureau. Credit reports may contain inaccurate data or information belonging to someone else. How do I get a free copy of my credit report? Through the Fair Credit Reporting Act (FCRA), each of the consumer veporting companies, Equifax, Experian, and TransUnion, provide a free copy of your credit report once every 12 months. To ordev, visit annualcreditreport.com Sources: CashNetUSA, http://www.myfico.com/ http://www.experian.com/ http://www.equifax.com/ http://www.transunion.com/ =Money's on the way New Credit Payment Length of Credit History %24

How the FICO Do I Repair My Credit?

shared by CreditCrusader on Apr 04
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What is a FICO Score? Most credit bureau scores in the U.S. are calculated from software developed by Fair Isaac and Company. They are commonly referred to as FICO scores and include a rating based on...

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CashNetUSA

Category

Economy
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