Credit Scoring

Credit Reporting and Credit Scoring

It sounds like you are doing a lot right with your information security and fraud prevention.  Continue the vigilance!  We can never let down our guard.  Here’s useful identity theft prevention information from the Indiana Attorney General. Earlier I mentioned the 2017 Equifax Data Breach.  Here’s an excerpt from Dave Ramsey’s rant about it (at…

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Credit Scoring Fun

This week the Consumer Federation of America and VantageScore Solutions released their 7th annual credit score survey results. When you have a few minutes for fun, take the Credit Score Quiz and see how you do; then read the survey press release. Here is the link to the PDF quiz and answer key, in case you’d like quiz someone else (take the…

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Credit Reporting and Scoring: Part 1

Lenders use credit reports and/or scores to make the decision whether to lend and, if so, at what rates.  Today, prospective landlords, insurance companies, and even employers may make decisions about us based on this information. Fair or unfair, right or wrong, that’s the way it is for now. I remember when I first checked…

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Session 8 Credit Reporting and Scoring

  My online students are to read about credit reporting, watch a short video, and then participate in a discussion board about what each thinks are the two most important items displayed on a credit report, and why they are important.  Below is what I posted for them.  Mortgage and auto lenders – please tell…

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Credit Reporting and Scoring

Based upon student comments and questions, here are a few more bits about credit reporting and scoring.  . According to Experian, there are only three types of public records that appear in a credit report: Bankruptcy Tax lien Civil judgments . Fair Isaac has produced a 20-page booklet, “Understanding Your FICO Score” and states, “Public…

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