Credit Scoring, What Everyone Needs To Know
December 9, 2010 6:59 amCredit scoring basics, the breakdown of FICO scoring, FICO scoring fundamentals
Credit scoring basics, the breakdown of FICO scoring, FICO scoring fundamentals
Everyone must start somewhere! Establishing credit can be difficult and confusing, especially for someone at a young age.
Creditworthy firms are not the problem per se, its depressed credit scores. Compounding this is the fact that lenders have raised their credit score qualifying requirements.
The Financial Reform Legislation will require lender certify that consumers have a reasonable ability to repay a loan. Lenders will look at your income closely, but this will also force more scrutiny on your credit score.
The auto score is a very popular alternative to the standard credit score and it is important consumers understand who can look at it.