Credit Scores and How They Can Affect You

25:14
 
Del
 

Manage episode 281760950 series 2851724
Av Richard Oring oppdaget av Player FM og vårt samfunn — opphavsrett er eid av utgiveren, ikke Plaer FM, og lyd streames direkte fra deres servere. Trykk på Abonner knappen for å spore oppdateringer i Player FM, eller lim inn feed URLen til andre podcast apper.

In today's episode, we go inside your FICO score - first by explaining what it is, and the factors that go into calculating it. They are:

  • 35% Payment History
  • 30% Amounts Owed
  • 15% Length of Credit History
  • 10% Credit Mix
  • 10% New Credit

In addition to breaking down each of these categories, we will also cover what's changing in the newest FICO Score 9 version. This includes changes in how medical debt and rent payments are counted.

Finally, Richard provides some key tips on how to monitor your credit report, dispute items, and maximize your score.

Learn more:

Email Richard: ROring@ncfg.com

New Century Financial Group Website

Call Richard: 609-924-2049 x126

16 episoder