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FICO compares all negative and positive data in all of the various different parts of the client's credit report. Taking all of these factors into account, FICO places scores into new credit, payment history, types of credit used, length of credit history, and amounts owned categories for the client.
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What is the standard deviation for fico scores?
The answer will depend on what the variable is: turnover, profit, floor area, number of customers, etc.
How would the credit score 660 determined?
In today's world your credit score plays a major role in determining whether or not you are able to obtain a mortgage loan, auto loan, credit card, etc. etc. with an attractive interest rate. General institutions use your FICO to determine whether or not they will extend you a credit offer. FICO scores range from 375 to 900. Although lenders set their own guidelines as to what is exceptable, so generally speaking a credit score of 660 or greater indicates a good credit risk. Scores that fall between 620 and 660 is still not bad. If your scores falls below 620 you may have a tough time obtaining a loan. Take a look at this site to see what the national credit score average is, it also breaks this information down by state. http://www.nationalscoreindex.com/USScore.aspx
What components make up two-thirds of your total FICO score?
what componets make up two -thirds of your total fico score
What components make up two thirds of your total fico score?
what componets make up two -thirds of your total fico score
What is the numerical range for bad credit scores?
CompanyScore TypeScore RangeFICO Fair Isaac Co.FICO Score*300-850EquifaxScorePower Score300-850ExperianPLUS Score330-830ExperianVantage Score501-990TransUnionTransRisk Score400-925*FICO has more than one formula for determining a credit score.
When did fico scores begin?
FICO scores began in 1963. However, throughout the years, FICO scores have become increasingly popular as they show you how your credit is rated.
When did FICO begin?
FICO scores began in 1963. However, throughout the years, FICO scores have become increasingly popular as they show you how your credit is rated.
Where can one find free fico scores?
A guy who is willing to find free fico scores simply in the offical fico website, and / or using a simple google search to find out.
What is range of FICO scores?
The FICO score ranges between 300 - 850.
Can you get a loan with only 1 fico score?
FICO scores do not go down to 1.
How does one obtain fico credit scores?
Credit Karma or Quizzle are two places you can visit to obtain your FICO credit scores? You can also go to Transunion's web site. It's also possible to find it at Lending Tree.
What is FICO?
FICO stands for Fair Isaac Company, the company that created--and computes--this credit score. Although other companies also compute credit scores, FICO is the most trusted, and most used, score.
Is a 674 fico score good or bad?
A 674 FICO score is considered to be good. The higher the score the better. 700 and above scores are considered the best.
What does a fico credit score of 826 mean?
FICO credit scores, which are the most extensively used credit scores, range from 300 to 850. A credit score of 826 means that you would be considered a low risk for a loan. You would also have a lower interest rate on a loan than someone who has a lower FICO credit score.
What exactly is a free fico score?
A FICO score is based on your credit rating and is a tool for creditors to decide whether to give credit to a person or company. There are sites that offer your credit report and FICO score for a charge and others that offer them for free.
What does the acronym fico stand for and what is its primary use?
FICO stands for Fair Isaac Company, the company that created--and computes--this credit score. Although other companies also compute credit scores, FICO is the most trusted, and most used, score.
What is the standard deviation for fico scores?
The answer will depend on what the variable is: turnover, profit, floor area, number of customers, etc.
