Eric,
After researching FICO scores and their ramifications to entrepreneurs who incur low or poor scores, I believe I can clear things up and assist for future business.
First off, FICO stands for “Fair Isaac Corporation.” This firm calculates data, which is compiled from the three major credit reporting agencies; Equifax, Experian, and TransUnion; then uses this data to formulate scores.
Secondly, these scores are comprised of both positive and negative factors, of which effects your score at varying levels of importance. These factors include and effect your score, in general, from the following:
Payment History; 35%
Are payments late or on-time
Amounts Owed; 30%
How much is owed per account
Length of Credit History; 15%
How long your
After researching FICO scores and their ramifications to entrepreneurs who incur low or poor scores, I believe I can clear things up and assist for future business.
First off, FICO stands for “Fair Isaac Corporation.” This firm calculates data, which is compiled from the three major credit reporting agencies; Equifax, Experian, and TransUnion; then uses this data to formulate scores.
Secondly, these scores are comprised of both positive and negative factors, of which effects your score at varying levels of importance. These factors include and effect your score, in general, from the following:
Payment History; 35%
Are payments late or on-time
Amounts Owed; 30%
How much is owed per account
Length of Credit History; 15%
How long your