Posted on February 25, 2009 - Filed Under applications | Leave a Comment
The FICO score formula takes into your inquiries. These are any time your credit report has been reviewed. This means wither you, an employer, or creditor have taken a look at it. The only that is taken into account when calculating your FICO score is when a creditor looks at your account when you apply [...]
Read More..>>Posted on July 23, 2008 - Filed Under applications, improve credit score | Leave a Comment
Applying for credit should be done carefully to maintain a good FICO score. This is because 10% of your FICO score is your applications for credit and is measured by how many times lenders view your credit report. A good FICO score usually means you aren’t going out and applying to every new credit [...]
Read More..>>Posted on July 15, 2008 - Filed Under Factors | Leave a Comment
Your credit history makes up 15% of your FICO score. Lenders can worry when you have a short history with good credit score. The longer the better is the rule here. Two factors are considered: the oldest account and its age, the average age of all your accounts.
The smallest percent of your FICO score is [...]