Business Math

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  1. FICO Score
    3 agencies put together a score to see how you pay your debts
  2. Contributing factors to a FICO score
    • Payment History
    • Amount Owed
    • Amount of money for all debts
    • length of credit history
    • type of loans
  3. Factors not included in FICO score
    • income
    • stability of income
    • family obligations
    • cash and investments
  4. Buy a car
    • research
    • car fax
    • save money
    • pay cash
    • take out loan
  5. Buying a house
    • 20% down payment
    • if no 20% pay mortgage insurance
    • pay as much as you can with cash
  6. when looking for a loan
    • credit score
    • income
    • stability
    • debt
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ID
267205
Card Set
Business Math
Description
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