According to Experian, the most commonly-used FICO Scores inmortgage lending decisionsare the FICO Score 2, FICO Score 5, or FICO Score 4. However, the credit score is only part of a mortgage application, and mortgage lenders will also consider factors like the borrower's income, assets, an...
In terms of general meaning, scores higher than 700 are considered good, while scores higher than 750 are considered excellent. Scores lower than 650 generally are considered bad, and lower than 600 are very poor. It's important to understand, though, that different lenders have different standa...
Experian’s advantage over FICO is that the information it provides is far more detailed and thorough than a simple number. A pair of borrowers could both have 700 FICO Scores but vastly different credit histories. By reviewing Experian credit reports, lenders can look at each ...
How does predictive modeling determine credit scores? What are the most important criteria that a rating firm is using to rate the different financial assets? Explain. a) What is the meaning of post-written off settled in a credit score? b) How does it impact a cred...
Getting 2 more accounts 5 vs 3 is nearly doubling accounts and a much bigger profile difference however they are then waiting for the first account to drop off at 24 months meaning the realistic timeline for chase being 6 no new accounts or 18 months and 2 more accounts. Waiting...
It’s one of the few things you might be able to control that can make a big difference. Note that banks and lenders have become more stringent lately, and require higher credit scores than they have in the past. This means credit has gotten much more important and should not be taken ...
today I got approved for both business platinum and gold. I have 2 businesses. How are these different in respect to the cards I have? Spending limit etc. Any tips? TIA Congrats on the double approvals ! Your new charge cards are both NPSL, meaning that you generall...
today I got approved for both business platinum and gold. I have 2 businesses. How are these different in respect to the cards I have? Spending limit etc. Any tips? TIA Congrats on the double approvals ! Your new charge cards are both NPSL, meaning that you generall...