The flashcards below were created by user
JJ73
on FreezingBlue Flashcards.
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FICO Score
3 agencies put together a score to see how you pay your debts
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Contributing factors to a FICO score
- Payment History
- Amount Owed
- Amount of money for all debts
- length of credit history
- type of loans
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Factors not included in FICO score
- income
- stability of income
- family obligations
- cash and investments
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Buy a car
- research
- car fax
- save money
- pay cash
- take out loan
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Buying a house
- 20% down payment
- if no 20% pay mortgage insurance
- pay as much as you can with cash
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when looking for a loan
- credit score
- income
- stability
- debt
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