This document provides information about FICO credit scores and how they are calculated. It discusses the main factors that determine a person's FICO score, including payment history (35%), amounts owed (30%), length of credit history (15%), number of credit inquiries (10%), and types of credit in use (10%). It also lists contact information for two mortgage professionals who can provide more information about available loan products.

1. YOur HOMe LOan SOLuTIOn
FICO Scores
Interested in learning more about your credit score? Here’s how:
1. The Players • 15% is based on your length of credit history. It is
• Beacon at Equifax better to have credit for longer timeframes, so that
a history is built up on your record.
• FICO Risk Score at Transunion (Empirica)
• 10% is established around the type of credit you have.
• Experian/Fair Isaac at Experian
• 10% is established around your request for credit
2. Main reason for FICO Scores is to predict your (credit inquiries), meaning that every time you
chances of default on a specific loan. apply for credit, your scores are impacted within
• Scores range from 300-850. certain FICO rules. You can, however, apply for as
many mortgages and car loans as you want, as
• Scores below 620 are considered high credit risk long as they are in a 14-day window. FICO allows
• Scores over 660 are below average risk this because they are big-ticket items.
3. How are the scores weighted? For more info check:
www.myfico.com, www.fairisaac.com
• 35% is established from your payment history,
collections, and public records.
• 30% is established from outstanding balances Call me today to learn more about the loan
being carried on your accounts. products you are eligible for!
5 Factors That Make up Credit Scores 10%
Payment history . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35% 10%
35%
Amounts owed (Balance to credit limit ratio) . . . . . . . . . . . . . . . . . . . 30%
15%
Length of credit history . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15%
Inquires . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10%
30%
Type of credit use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10%
Dean Wegner Jeremy Lovett
Mortgage Originator Loan Partner
W.J. Bradley Mortgage WJ Bradley Mortgage
9237 East Via De Ventura #100 9237 East Via De Ventura #100
Scottsdale, AZ 85258 Scottsdale, Arizona 85258
Office: 480-648-2200 Office: 480-648-2200
Cell: 602-432-6388 Cell: 602-330-7116
Fax: 480-362-1522 Fax: 480-421-1160
Dean.Wegner@wjbradley.com Jeremy.Lovett@wjbradley.com
W.J. Bradley Mortgage Capital Corp.
Equal Housing Lender. © 2008 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. Trade/service marks are
the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states.
AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act, CFL-6036822; CO #LMB100018304, To check the
license status of your mortgage broker, visit http://www.dora.state.co.us/real-estate/index.htm; DE licensed mortgage loan broker; Georgia Residential Mortgage Licensee, license
#20233; Kansas licensed mortgage company, license #2005-4877; Licensed as a broker and banker in the state of NV. Oregon license #ML-776; This office is licensed and examined
by the office of Consumer Credit Commissioner of the State of Texas; WA license #520-CL-42624.