Business Math

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FICO Score

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

Author

267205

Card Set

Business Math

Description

fdasfs

Updated

2014-03-20T07:57:43Z

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