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Give Yourself Some Credits<br />Understanding Your Credit Report<br />John Anthony R. Magto<br />Economics 101<br />
Credits Report Fundamentals<br />	Generated by three companies <br />		Experian, Equifax, TransUnion<br />Factors <br />		...
How FICO Is Calculated<br />	Range – 760 (excellent) to 620 (poor)<br />		35% - Payment history<br />		30% - Amounts owed<...
Improve Your FICO Score<br />Pay bills on time<br />Avoid opening many new accounts <br />		open only if you intend to use...
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Give yourself some credits

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Give yourself some credits

  1. 1. Give Yourself Some Credits<br />Understanding Your Credit Report<br />John Anthony R. Magto<br />Economics 101<br />
  2. 2. Credits Report Fundamentals<br /> Generated by three companies <br /> Experian, Equifax, TransUnion<br />Factors <br /> How much you owe to each company<br /> Payment history for each company<br /> Includes utilities, medical expenses, rent <br />
  3. 3. How FICO Is Calculated<br /> Range – 760 (excellent) to 620 (poor)<br /> 35% - Payment history<br /> 30% - Amounts owed<br /> 15% - Credit history length<br /> 10% - New credit<br /> 10% - Credit types<br />
  4. 4. Improve Your FICO Score<br />Pay bills on time<br />Avoid opening many new accounts <br /> open only if you intend to use<br />Keep balances low<br />Less than 25% of credit limit<br />Review credit report yearly<br />

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