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How your FICO score is determined is a will kept secret- but the main factors are how long you have had credit, the % of each credit line you have used, and late payments

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โˆ™ 2007-07-06 03:18:19
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Q: Where do you get help for financial institutions to understand what determines a credit score?
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What is functions financial institutions


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The websites of individual financial institutions often have a tool for comparing features of their own credit card offerings. The Financial Consumer Agency Of Canada has an online interactive tool to help you compare features across financial institutions.


What are the functions of financial institutions?

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What is the role of financial institutions in carrying out international business transactions?

Giving credit for Exporting companies. Checking the financial stability of Importer. Letter of Credit issuing and processing.


Which financial institutions offer full banking services to individuals and businesses?

credit unions


Which type of financial institutions are owned and controlled by the people who use their services?

Credit Unions


Why do some financial institutions consider the current month to calculate the credit score?

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Non-depository financial institutions play a major role in providing financial services and credit to both individuals and businesses. Non-depository institutions frequently compete with banks in offering financial services and credit but also offer services that would not be appropriate for banks. For example, insurance companies take on risks related to a wide variety of losses which would not be suitable for banks. Non-depository institutions can provide a safety cushion during difficult financial times by offering credit when banks may not be willing or able to lend.


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What are low cost financial institutions open only to workers of the group that sponsor them?

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The five financial institutions are:Commercial BanksSavings and Loans AssociationsSavings BanksCredit UnionsFinance CompaniesIf anyone knows the function of these, please add to this question.


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What does your credit score need to be to build a home?

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