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credit: Figuring Out Credit Scoring, Easier Then You Think! - 05/02/08 01:37 PM
Getting students educated on the FICO credit scoring system is not a priority in the school system. Neither is it in almost all industries. The reasons for this can vary but the major one is that we are not provided with specifics on exactly how the scoring model works. This is done on purpose to protect the integrity of the scoring model.
It is frustrating sometimes but keep in mind that we do have an idea on most of the things that will help/hurt your score. Below is a graph to help explain what makes up your score.
Did you notice something? Maxing … (1 comments)

credit: What Are Your Odds of a 90 Day Late? - 05/02/08 01:12 PM
Your FICO credit score is based on a mathematical equation that is risked based. People sometimes get frustrated because the difference between a 679 and 680 can mean .25% on their rate. There is a major reason for this as the risk of lending a loan is greater now then ever. So new pricing adjustments have been adopted.
Below is a graph to show what your odds are of being 90 days late on a debt:
This graph does not appropriately scale the odds but it is the best I can do. It is in percentages but for those of you that play odds games here is that break down on your odds … (0 comments)

 
Jeff_fullmer

Jeff Fullmer - Real Estate Investor/Financier

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