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When a fair 6 sided dice is rolled what is the probability of scoring 2?
one in sixsame for any number
When disputing credit report does your score go up while what is being disputed is taken off and for how long?
*feels like a broken record* Credit scores are based on ALL of the information showing in your permanent credit file at the time they are calculated. Every piece of information connects to the other pieces and forms a cohesive picture which can only be guessed at. The reason for this is that the Fair Isaac Company (FICO), who developed credit scoring software don't release the methods behind their madness. If they did, who would need them? So any guesses about credit scoring additions and subtractions are based on emphirical data only. Their is a great deal of information about credit scoring online and a little research may give you enough ideas to project which way your score will factor after a deletion. But even a correct guess would only apply to you at this given point in time. (Boy, this was a long way of saying "No one knows".)
What is the probability of scoring a four on a die?
If you throw a fair die one time, the chance of a four is 1/6 or about .1667
What are the components in fair testing?
The components in fair testing are: A. Developing and Selecting Appropriate Tests B. Administering and Scoring Tests C. Reporting and Interpreting Test Results D. Informing Test Takers
What is the maximum credit score one can obtain?
According to the FICO the highest possible credit score you can obtain is 850, but if you use another credit scoring formula Vantage Score the credit rating can go all the way up to 990. FICO is the mostly widely used
How is the term FICO used?
FICO is Fair Issac & CO. It is the acronym for a company that uses risk based scoring of your credit history to provide banks with a numerical expression of your credit risk (350-850)
Where can I learn more about credit score ratings?
Your credit score is a composite of all available credit data, usually from a single credit bureau. The most popular formula is the FICO score, created by the Fair Issac Corporation (www.myfico.com). However, there are also many proprietary scoring systems.
Where should you go to get your credit score?
While there are many places you can get a "credit score", the scoring company most used by lenders and others is Fair Issac & Co (FICO). Their website is www.myfico.com, this is the best place to get your score. There are 3 scores which cost about $15 each, but check Google for coupons. 10-20% off shouldn't be hard to find.
When looking at your credit report newer history has more impact on your overall rating than older history?
There is no "one" credit score, and the actual componets which go into a credit score are known only by the company who created the scoring model to begin with. Only Fair Issac (FICO), with that beinging said if you take the exact same application and run it through all three credit bureaus, you many end up with three different credit scores.
What is the difference between credit score and FICO score?
Credit scoring , sometimes called risk scoring, is a rating by a credit bureau to determine your credit worthiness and the likelihood and timeliness of loan repayment. A credit score may impact whether or not you receive credit as well as other credit terms such as percent interest rate, etc. Lenders consider several factors, including a credit score, when extending credit (http://www.extension.umn.edu/distribution/businessmanagement/M1180.html). Today, most creditors determine whether they are going to lend or not based on your FICO score. The scoring system got its name from the company Fair Isaac. Fair Isaac is an independent company that came up with the scoring method and software used by banks and lenders, insurers and other businesses. Each of the three major credit bureaus (Experian, Equifax and TransUnion) worked with Fair Isaac in the early 1980's to come up with the scoring method (http://money.howstuffworks.com/credit-score.htm).
How would you put scoring in a sentence?
Three judges were responsible for scoring the contestants. The scoring seemed fair.
What is fair credit billing act?
Who does the Fair Credit Billing protect Who does the Fair Credit Billing protect
What are the three different types of credit score?
The three primary credit bureaus (TransUnion, Experian, and Equifax) will all produce a slight variation on credit scores because they contain different information. The primary method of credit score calculation is FICO, from the Fair Issac Corporation. However, there are also several proprietary formulas.
How many times per day is the FICO credit score model used?
I don't think anyone know that answer but Fair Issac themselves. Its a great quesion. However FICO is changing their formula this year.
What is a baseline acceptable credit score?
A FICO (Fair Isaac Company) score of 660 and higher is considered a good credit score. Scoring in the high 700s is better, of course, but a 660 score is the bare minimum for getting reasonable interest rate offers for credit.
What type of credit score is good?
A good credit score depends on some scoring system. Different scoring system has different scale. Most scoring scales fall between 600 to 750. A score above 700 usually suggests good credit management
What are the three main types of credit score?
Actually, there is a formula made up by Fair Isaac that computes your score and it is called your FICO score which use to be used by the 3 major Credit Reporting Bureau's, now they are using a new scoring system called Vantage. FICO is still around and used primarily by mortgage lenders and actually is the preferred scoring system.
