Credit Scores

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Credit Scores Balancing Credit and Debt to Maintain Credit Worthiness

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Credit Scores. Balancing Credit and Debt to Maintain Credit Worthiness. Credit Score. Rating agencies Experian Equifax Transunion May contact these agencies when there is a discrepancy between reported score and actual financial activity. - PowerPoint PPT Presentation

Transcript of Credit Scores

Page 1: Credit Scores

Credit ScoresBalancing Credit and Debt to Maintain

Credit Worthiness

Page 2: Credit Scores

A numerical expression of a person’s credit-worthiness

Based on a formulaic calculation by different rating agencies

Rating agencies◦ Experian◦ Equifax◦ Transunion

May contact these agencies when there is a discrepancy between reported score and actual financial activity

Credit Score

Page 3: Credit Scores

Credit Score Scale

-Provides lenders with a rating system for

determining rates for a potential customer

Average score is “Fair” for American – primarily a result of the typical

negative savings rate for most Americans.

Page 4: Credit Scores

Influences on Individual Credit Score

Page 5: Credit Scores

Breakdown of RatesMany people have what is

considered to be “good” credit


Credit Scores and Reports

Credit Scores and Reports

Building Credit Scores with Varying Types of Credit

Building Credit Scores with Varying Types of Credit

Building business-credit-scores

Building business-credit-scores

Baltimore Study: Credit Scores

Baltimore Study: Credit Scores

Credit Scores and Credit Market Outcomes: Evidence from the ...

Credit Scores and Credit Market Outcomes: Evidence from the ...

Credit Scores: What's New?

Credit Scores: What's New?

Credit Reports & Credit Scores 101s3.amazonaws.com/mentoring.redesign/s3fs-public...FICO Scores • Credit scores most lenders use to determine your credit risk. • You have three

Credit Reports & Credit Scores 101s3.amazonaws.com/mentoring.redesign/s3fs-public...FICO Scores • Credit scores most lenders use to determine your credit risk. • You have three

Understanding Credit Scores and Credit Reports

Understanding Credit Scores and Credit Reports

Credit Scores & Credit Reports

Credit Scores & Credit Reports

Credit Scores: The Big Picture

Credit Scores: The Big Picture

Credit Reports and Credit Scores By Julie Chapman For.

Credit Reports and Credit Scores By Julie Chapman For.

Minimum Credit Scores- MINIMUMCREDITSCORES.COM

Minimum Credit Scores- MINIMUMCREDITSCORES.COM

5 myths about credit scores

5 myths about credit scores

The Components of Credit Scores

The Components of Credit Scores

FIXING Your Credit Objectives: Understanding how credit scores are determined. Understanding how consumers actions impact their credit scores.

FIXING Your Credit Objectives: Understanding how credit scores are determined. Understanding how consumers actions impact their credit scores.

Credit Scores, Credit Reports & Credit Check | …...included two commercially generated credit scores—the TransRisk Account Management Score (from TransUnion) and the VantageScore

Credit Scores, Credit Reports & Credit Check | …...included two commercially generated credit scores—the TransRisk Account Management Score (from TransUnion) and the VantageScore

Which Credit Inquiries Can Hurt Your Credit Scores

Which Credit Inquiries Can Hurt Your Credit Scores

Credit Reports & Credit Scores 101s3.amazonaws.com/mentoring.redesign/s3fs-public/Score...Credit Reports & Credit Scores 101 Mary C. Hurlburt Certified Consumer Credit Counselor and

Credit Reports & Credit Scores 101s3.amazonaws.com/mentoring.redesign/s3fs-public/Score...Credit Reports & Credit Scores 101 Mary C. Hurlburt Certified Consumer Credit Counselor and

How are credit scores determined? - bSquared Credit · In addition to basic consumer credit scores, FICO ... should obtain your FICO® scores. You can do this by going to myfico.com

How are credit scores determined? - bSquared Credit · In addition to basic consumer credit scores, FICO ... should obtain your FICO® scores. You can do this by going to myfico.com

Credit Reports and Scores

Credit Reports and Scores