Virtually anyone who deals with business, finance, or sales has heard of the FICO score. This credit score is the granddaddy of all credit scores. It is used to check your creditworthiness for a mortgage. But it is also used for other loans, credit cards, employment: the uses are limitless!
Over the years people have been working to repair FICO scores, myself included! But many simply go through the repetitive motions. Certain actions are proven to help FICO scores, and many consumers and professionals do them without thinking.
But it is important to truly understand the FICO score before we can understand credit repair! The answer here is simple: so simple I could fit it on twitter! The FICO score was designed with one purpose in mind: to predict whether a consumer will be a '90 day late payer'. Therefore, the FICO algorithm looks at factors to see just that: whether a person's history suggests they will be a 90-day late payer in the future.
:)
Matt
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