"Numerical value between 300-850
Number that sums up your credit report and risk to a lender.
The higher the credit score, the less risk
Less risk = best loan terms and interest rates.
1% 499 and below
11% 800 and above
OFAC, Credit Score Identification: name, address, SSN, birth date, employment.
Public Records: bankruptcy, tax liens, garnishments
Foreclosures, lawsuits and judgments.
Collection Items: unpaid bills turned for collection.
Credit History: past credit accounts to most recent, with
current balances, monthly payments, payment history, date opened or closed, original loan amount, credit limit.
Credit Inquiries: past 24 month period, voluntary and involuntary
Making payments on time.
Removing negative info.
Paying down/off credit cards (raises capacity).
Using oldest credit card.
Open new accounts slowly.
Correct credit report errors.
Paid collection items.
Mortgage, secured loans and installment loans with positive
Open Credit Lines vs. Credit Card Limits.
"Your score" refers to a current FICO score.
FICO Score - (Fair Isaac Corp) a score produced by software which is provided to lenders by credit bureaus.
Exact software model kept secret to protect financial status
Only calculated if enough recent information has been collected to produce a score.
Open six months or longer
Company that collects consumer financial info
Sells it in the form of credit reports
Assigns score based on credit behavior history
Maintains lifetime records of millions of consumers' credit history.
How your bills are paid
Amounts owed vs. available credit lines
New credit applications
Mix of credit products
Age/length of established accounts
We use proven finance strategies designed to meet your risk tolerance and stand up against market volatility. And you can count on unbiased recommendations and impartial guidance based directly on your needs and goals.
Every successful financial strategy starts with an excellent client relationship and our mission and values include exceeding our client’s every expectation.
4 Days in all inclusive resort.
Every free credit analysis done by a credit rep will give you one free entry!!
Drawing will be May 31st 5 lucky winners