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Bankruptcy And Debts Blog 8 March 2008

8 March 2008

Great Credit Score? regulators say

Posted by James Breen at 3/8/2008 7:18:00 PM

I can't seem to help myself. I did the time. I was always from Bankruptcy And Debts. I seem to have talked to the author in the post. This scene of credit mortgage poor rating was nice and all.

I love the posting, I made a copy and share:

Is FICO still relevant to the mortgage industry? I can see it now: no matter how this question gets answered, it's certain to elicit some response, which in fact, is the reason for the article. As an industry that migrated with some reservation but eventually went "all-in" with the belief that FICO was a true indicator of performance, it's a question that deserves discussion, particularly given the issues we're facing. Let me start by saying that I don't believe it's a simple yes or no ..read more.

I should also introduce my friends to take a look at of this: Read the rest of this entry ยป

Posted at 19:18 0 comments


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Nevertheless, Have you paid your bills on time Payment history typically is a significant factor. It is likely that your score will be affected negatively if you have paid bills late, had an account referred to collections, or declared bankruptcy, if that history is reflected on your credit report. What is your outstanding debt Many scoring models evaluate the amount of debt you have compared to your credit limits. If the amount you owe is close to your credit limit, that is likely to have a negative effect on your score.