Give yourself some credit

300 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
300
On SlideShare
0
From Embeds
0
Number of Embeds
65
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Give yourself some credit

  1. 1. Give Yourself Some Credit <br />Understanding your Credits Report<br />Johanna Louise B. Neri<br />Economics 101<br />
  2. 2. Credit 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 Calculate<br />Range - 760 (excellent) to 620 (poor)<br />35% - Payment history<br />30% - Amount owed<br />15% - Credit history length <br />10% - New Credit<br />10% - Credits types<br />
  4. 4. Improve Your FICO Score<br />Pay bills on time<br />Avoid opening many new account<br />Open only if you intend to use<br />Keep balances low<br />Less than 25% of credits limit<br />Review credit report yearly<br />

×