What Makes up a FICO Credit Score?
Posted by TDN on Apr 29, 2011 in Credit, Credit Repair, Credit Reports, Credit Score, Debt, Debt to Income Ratio | 1 comment
On our Credit Restoration page we outlined the categories used to derive a credit score. To review, those categories are the following… Payment History – 35% Amount Owed – 30% History of Credit – 15% Inquiries – 10% Account Diversity – 10% Today we are going to take a deeper look inside each of these categories including a few credit building tips that...
Read MoreHow Do Events Impact Your Credit Score?
Posted by TDN on Apr 22, 2011 in Credit, Credit Score, Foreclosure, Personal Finance | 3 comments
So how does foreclosure impact your credit score? What about other damaging item like Bankruptcy? Until recently the credit agencies have been very secretive about what will happen to your FICO score after you start to fall behind on your payments. Just recently Fair Isaac, which is the company that developed FICO scores, has come out with some estimates (averages) on how your credit score will...
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