Www credit report Oklahoma

In 1956 they www credit report Oklahoma formed a consulting and decision management service, and in 1981 devised the credit scoring system now known as FICO. Under their system, each of a set of details about an individual's financial history is scored and given a weight, based on the past performance of others whose financial history is similar on that particular detail.

Among other things, the system gives a score to: The length of time an individual has had and used credit The Existence of bank www credit report Oklahoma accounts The number of recent www credit report Oklahoma credit inquiries Debt to income ratio Debt to available credit ratio Bill paying history Lenders believe that by applying this compiled score, they know the statistical likelihood that a person will pay his or her debts. It must work, because FICO has become the standard, and this publicly traded company is a giant in the world of finance. free credit reports without credit card

With over 3,500 employees on 5 continents, FICO has an annual revenue of over $800 Million. Contrary to what some might believe, FICO is not associated with the government.

In addition to providing credit scoring, FICO still provides consulting and management services. If your FICO score is over 720, you'll have an easy time getting a loan or at least you would have before the current financial www credit report Oklahoma crisis. If your score is under 600 you'll be www credit report Oklahoma considered a poor risk, www credit report Oklahoma and in today's climate probably will not qualify for a mortgage loan. credit information If you do, you'll be www credit report Oklahoma charged a higher rate of interest and will likely need a larger down payment. So it really does pay to take the steps to raise your credit rating as high as possible. You www credit report Oklahoma can purchase the report from FICO, or you can get a free credit report, right here at Credit Score Cowboy.

Lets say you are what most people would consider a good person. You help out in the community, volunteer to help others and even show up on the front row for church every Sunday. You recently applied for a home loan www credit report Oklahoma and to your surprise were denied.

Youre a good guy or gal, and deserve this loan, right? Since there is no such thing as a blacklist within the credit www credit report Oklahoma scoring system the answer is no. Your credit score and credit history are based on nothing more than factual data that lenders have provided about your pay habits. view credit report free Your credit report and credit scores have absolutely nothing www credit report Oklahoma to do with your age, www credit report Oklahoma marital status, race, sex, nationality or religious beliefs. Your occupation and length of time on the job also have www credit report Oklahoma nothing to do with how your credit score is calculated. Only information present on your actual credit report make up your credit score.

Pretend for a moment that you are an underwriter working through a mortgage loan application.