Jumat, 07 Oktober 2011

What is the FICO score calculated? - Lexington insurance company rating

Lexington insurance company rating. FICO credit scores is not normal. It is a sign of quality on a large scale. Was developed by Fair Isaac, the company has been known to develop a model for risk assessment. This is not a complicated equation fully lit. There are data used to calculate your FICO score in your credit report, most of which are dependent on each other in the account. This expression is very complex. A list of the five key areas to calculate FICO scores here.

Part I, and most important, and you calculate the date of payment is 35%. It's like how you pay bills on time. Takes place is, the delay in the payment eventually, as happens in many cases, it may appear that the force of gravity. The criticism of the entire payment history for 7 years.

What follows is the use of funds by 30%. Is calculated by dividing the remaining amount from the account limit. This is achieved by the calculation and account for all accounts.

Your credit history is 15% of the FICO score calculation. This is known as you have a credit of up to kilometers. And from taking into account two factors: the average age of all accounts from the account of age and older.

Contact 15% or less. This is known, including your credit report updated. There are two types of hardware and software. Something like, soft, to verify the relationship of the employer or insurance company. It is difficult to check if your report to creditors in the search for a new account.  exington insurance company rating article.

The remaining 10% is a mix of credit. He considered that the use of credit cards. There is little discussion of the rules are, and thanks to you, and use the type of credit.

Many of these factors make the understanding, which are connected to each other and tried not possible to calculate the FICO score. What really matters is what is happening is to know how to influence them on a daily basis.

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