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To purchase a home what is more important debt or credit score?
Both. Your score is irrelevant if you have tons of debt and can't afford the mortgage payments, and your debt is irrelevant if you have a 450 FICO score.
Is FICO score and credit score the same thing?
IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?
If you have a low FICO score in the 400s and lots of debt and delinquencies but then you pay off your debts how quickly can you raise your score?
Very slowly. A credit score is difficult to recover.
How can i increase your fico score?
Which action will help increase a low FICO score?
Can you get a good mortgage rate with a FICO score of 686?
FICO score for mortgageDepends on your definition of "good". You can get a mortgage with 686 score. FICO score over 720 will get you the best mortgage rate.
To purchase a home what is more important debt or credit score?
Both. Your score is irrelevant if you have tons of debt and can't afford the mortgage payments, and your debt is irrelevant if you have a 450 FICO score.
Is FICO score and credit score the same thing?
IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?
If you have a low FICO score in the 400s and lots of debt and delinquencies but then you pay off your debts how quickly can you raise your score?
Very slowly. A credit score is difficult to recover.
How can i increase your fico score?
Which action will help increase a low FICO score?
What does the word fico mean in slang?
Fico is what one would call a peson's credit score. FICO is an acronym for the Fair Isaac Corporation, the creators of the FICO score. A person's FICO score will range between 300 and 850
Can you get a good mortgage rate with a FICO score of 686?
FICO score for mortgageDepends on your definition of "good". You can get a mortgage with 686 score. FICO score over 720 will get you the best mortgage rate.
Is your beacon score and FICA score the same?
A beacon score is just the name given to the equifax branded FICO score. So your FICO score and beacon score will be the same if your FICO score is pulled using your equifax credit report.
Is a credit score of 671 good?
671 is a good score thru the eyes of a mortgage lender. Anything over 620 will get you a conventional rate or the street rate you hear offered on the radio or tv. There are a number of different credit scores. Since you did not indicate what credit score you are referring to I am assuming you are referencing your FICO score. You have 3 FICO scores, 1 for each of the major credit bureaus (Equifax, Experian, and Trans Union). The score measures the likihood you will repay your debt. You can help increase your score by paying on time and reducing your debt. The score is also used by lenders for loan decisions and interest rate assignment. The FICO score ranges from 300 to 850. The minimum FICO score lenders like to see is 723. The national average is about 678.
How can a FICO credit score be obtained?
A FICO score is obtained with information taken from a person's available credit information. The score is sold by the FICO Company to interested financial institutions.
If the debt is not showing on your credit report do you have to pay it?
You still owe the debt but if it isn't reflected on your credit reports then it won't impact your FICO score which is what everyone bases the decision on giving a loan or not.
What is the highest possible FICO score?
900 Sorry, 900 is not it Highest FICO score is 850 http://www.myfico.com.
Where can one get their FICO score?
The best place to go on the internet for information regarding their FICO score is the website called myFICO. The site provides everything one would need to know about their FICO score.
