Dont Talk About It, Be About It!
What is a Credit Score?
Credit Bureau scores are often called "FICO scores," being that most credit bureau scores in the United
States are produced from software developed by Fair Isaac and Company (FICO www.fairisaac.com).
Fico Scores are provided to lenders by the major credit reporting agencies. Credit scores provide a guide
to future risk based solely on credit report data. The higher the score, the lower the indicated risk. But a
score does not indicate whether a specific individual will be a "good" or "bad" customer.
While many lenders use credit scores to help them make lending decisions, each lender has its own
strategy, including the level of risk it finds acceptable for a given credit product. There is no single "cutoff
score" used by all lenders and there are many additional factors that lenders use to determine your actual
interest rates.
How Credit Scoring Works!
Credit Scoring is calculated by a mathematical equation that evaluates many types of information that are
in a consumer's credit file at that specific repository/bureau. By comparing this information to the patterns
in hundreds of thousands of past credit reports, the score identifies the lender's level of future credit risk.
In order for a credit score to be calculated on a consumer's credit file, the file must contain at least one
account, which has been open for six months or longer. In addition, the file must contain at least one
account that has been updated in the past six months. This ensures that there is enough information -
and enough recent information - in the credit file on which to base a score.
What a Credit Score Considers.
To get started today please go to my Get Started Now page, and lets get this ball rolling as time is of theessence in this situation!
If you have any questions whatsoever, please do not hesitate to give me a call, however the best way, due
to my schedule is to email me at michelle@aperfectsolution.us, I will respond to all email much more
quickly!
Here to help you,
Michelle Parker
Deuteronomy 15:2:
1 At the end of every seven years you must cancel debts. 2 This is how it is to be done: Every
creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from
his fellow Israelite or brother, because the LORD's time for canceling debts has been proclaimed.
Credit Bureau scores are often called "FICO scores," being that most credit bureau scores in the United
States are produced from software developed by Fair Isaac and Company (FICO www.fairisaac.com).
Fico Scores are provided to lenders by the major credit reporting agencies. Credit scores provide a guide
to future risk based solely on credit report data. The higher the score, the lower the indicated risk. But a
score does not indicate whether a specific individual will be a "good" or "bad" customer.
While many lenders use credit scores to help them make lending decisions, each lender has its own
strategy, including the level of risk it finds acceptable for a given credit product. There is no single "cutoff
score" used by all lenders and there are many additional factors that lenders use to determine your actual
interest rates.
How Credit Scoring Works!
Credit Scoring is calculated by a mathematical equation that evaluates many types of information that are
in a consumer's credit file at that specific repository/bureau. By comparing this information to the patterns
in hundreds of thousands of past credit reports, the score identifies the lender's level of future credit risk.
In order for a credit score to be calculated on a consumer's credit file, the file must contain at least one
account, which has been open for six months or longer. In addition, the file must contain at least one
account that has been updated in the past six months. This ensures that there is enough information -
and enough recent information - in the credit file on which to base a score.
What a Credit Score Considers.
 | Payment history - 35% of the score's weight | |
| Amounts owed - 30% of the score's weight | |
| Length of Credit History - 15% of the score's weight | |
| New Credit Inquiries - 10% of the score's weight | |
| Types of Credit Used - 10% of the score's weight |
To get started today please go to my Get Started Now page, and lets get this ball rolling as time is of the
If you have any questions whatsoever, please do not hesitate to give me a call, however the best way, due
to my schedule is to email me at michelle@aperfectsolution.us, I will respond to all email much more
quickly!
Here to help you,
Michelle Parker
Deuteronomy 15:2:
1 At the end of every seven years you must cancel debts. 2 This is how it is to be done: Every
creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from
his fellow Israelite or brother, because the LORD's time for canceling debts has been proclaimed.
Disclaimer: Please be aware that no guarantee is offered, nor should anyone offer a guarantee as it is not possible to guarantee these
services.
Please view Credit Repair Act.
services.
Please view Credit Repair Act.
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Credit Repair and Counseling!
And Now Offering Tax Preparation!
And Now Offering Tax Preparation!
| A Perfect Solution A Division of Mushee Inc. A Non-Profit Organization PO Box 170218 Irving, TX 75017-0218 michelle@aperfectsolution.us 972-639-0012 Cell / Office 636-851-1612 Fax |