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Give Yourself Some Credit

Give Yourself Some Credit. Understanding Your Credit Report Z ach Moorer Economics 101. Generated by three companies Experian, Equifax, TransUnion Factors How much you owe to each company Payment history for each company Includes utilities, medical expenses, rent.

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Give Yourself Some Credit

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  1. Give Yourself Some Credit Understanding Your Credit Report Zach Moorer Economics 101

  2. Generated by three companies • Experian, Equifax, TransUnion • Factors • How much you owe to each company • Payment history for each company • Includes utilities, medical expenses, rent Credit Report Fundamentals

  3. Range – 760 (excellent) to 620 (poor) • 35% - Payment history • 30% - Amounts owed • 15% - Credit history length • 10% - New credit • 10% - Credit types How FICO Is Calculated

  4. Pay bills on time • Avoid opening many new accounts • Open only if you intend to use • Keep balances low • Less than 25% of credit limit • Review credit report yearly Improve Your FICO Score

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