J_Snow Posted March 19, 2004 Report Share Posted March 19, 2004 According to Suze Orman:Your FICO score is made up like this-30% debt ratio15% credit history (longevity)35% payment historyWonder what the other 20% is... Hmmmm Link to comment Share on other sites More sharing options...
momof5 Posted March 19, 2004 Report Share Posted March 19, 2004 According to my fico:Payment history (late pays or current) 35%Length of credit 15%New credit 10%Credit mix (types of credit) 10%Amount owed (debt ratio) 30% Link to comment Share on other sites More sharing options...
Methuss Posted March 19, 2004 Report Share Posted March 19, 2004 According to Suze Orman:Your FICO score is made up like this-30% debt ratio15% credit history (longevity)35% payment historyWonder what the other 20% is... HmmmmI've found some references to the FICO also including things that have absolutely nothing to do with your management of your credit. Some of the references I found indicate that things like the prime interest rate, demographics of where you live, and health of the stock-market are used to make up part of your score.Until I find a complete break-down of the FICO formula someplace, I've only got these bits and pieces to go by. But, it's scary to think that my credit score could be affected by the health of the economy where I live. Link to comment Share on other sites More sharing options...
PayCutHurtMe Posted March 19, 2004 Report Share Posted March 19, 2004 A very wise man explained FICO this way:One 'Oh S#!t' outweighs all 'attaboys.' Link to comment Share on other sites More sharing options...
J_Snow Posted March 19, 2004 Author Report Share Posted March 19, 2004 A very wise man explained FICO this way:One 'Oh S#!t' outweighs all 'attaboys.'LOL-No kidding! Link to comment Share on other sites More sharing options...
Q Posted March 19, 2004 Report Share Posted March 19, 2004 A very wise man explained FICO this way:One 'Oh S#!t' outweighs all 'attaboys.' Link to comment Share on other sites More sharing options...
Q Posted March 19, 2004 Report Share Posted March 19, 2004 A very wise man explained FICO this way:One 'Oh S#!t' outweighs all 'attaboys.' Link to comment Share on other sites More sharing options...
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