Know More About Credit Score
Your credit score is a valuable asset in modern times.
Affects their financial life of the
whole way.
The more you know about it,the more you can achieve financial success.
Very few people know exactly how itis calculated....
More
Know More About Credit Score
Your credit score is a valuable asset in modern times.
Affects their financial life of the
whole way.
The more you know about it,the more you can achieve financial success.
Very few people know exactly how itis calculated.
Here are some interesting facts for
you -# Why is called FICO - Your credit score is based on data collected and analyzed
by a company called Fair Isaac Corporation.
That s why itis called FICO score.
# What is its importance - The score tells creditors to the extent of risk that is
going to take if they lend money.
If you have a high score, lenders are
comfortable paying more money.
But if you have a lower, itis assumed that the
chances of recovering their money are less.
Then, can face harsh conditions, like
higher interest rate or shorter repayment periods.
# The score is divided into five parts - Various aspects of their financial data are
the total creditscore.
You the re-payment history, credit currently enjoyed by you,
a
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