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FICO compares all negative and positive data in all of the various different parts of the client's credit report. Taking all of these factors into account, FICO places scores into new credit, payment history, types of credit used, length of credit history, and amounts owned categories for the client.
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What is the standard deviation for fico scores?
The answer will depend on what the variable is: turnover, profit, floor area, number of customers, etc.
How would the credit score 660 determined?
In today's world your credit score plays a major role in determining whether or not you are able to obtain a mortgage loan, auto loan, credit card, etc. etc. with an attractive interest rate. General institutions use your FICO to determine whether or not they will extend you a credit offer. FICO scores range from 375 to 900. Although lenders set their own guidelines as to what is exceptable, so generally speaking a credit score of 660 or greater indicates a good credit risk. Scores that fall between 620 and 660 is still not bad. If your scores falls below 620 you may have a tough time obtaining a loan. Take a look at this site to see what the national credit score average is, it also breaks this information down by state. http://www.nationalscoreindex.com/USScore.aspx
What components make up two-thirds of your total FICO score?
what componets make up two -thirds of your total fico score
What components make up two thirds of your total fico score?
what componets make up two -thirds of your total fico score
What is the numerical range for bad credit scores?
CompanyScore TypeScore RangeFICO Fair Isaac Co.FICO Score*300-850EquifaxScorePower Score300-850ExperianPLUS Score330-830ExperianVantage Score501-990TransUnionTransRisk Score400-925*FICO has more than one formula for determining a credit score.
