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Dave Ramsey shared financial advice on FICO credit score. Don’t just repair your credit eliminate your debt. Tips from the Total Money Makeover Book
Video Rating: 5 / 5
Question by chilicooker_mkb: Question(s) What is a good “credit score” & what is FICO mean. My score is 744. Is that good or bad?
I’m trying to buy the Condo I live in. What are my chances?
Best answer:
Answer by madamsmall
It’s good. You also need to review your credit reports for any issues, though, just in case.
Your chances depend on your income, job history etc
Know better? Leave your own answer in the comments!
What is my credit score is an important question to get answered for financial reasons. To know What is my credit score you will have to first understand What is a credit score. The credit score which is also known as FICO score is a concept created by Fair Isaac Corporation. Fico score is proprietary of Fair Isaac Corporation and hence the formula used to calculate the Fico score is under the wraps.
Credit score is a three digit number which defines an individual’s credit worthiness. Higher the credit score better is an individual’s credit worthiness and hence lower is the risk of lending to the individual.
From Bankers to employers many use credit score as a base to determine the financial risk. Hence it is very important to know how much is the credit score and try to improve the credit score as much as possible, though not everyone lends based on credit score.
Good credit score ranges anywhere from 825 to 650. Low credit score is from 575 to 650. Anything below 575 is considered as Bad credit score. For someone with a good credit score the rate of interest will be lesser as the risk associated is lesser compared with someone with a bad credit score.
Credit scores are determined based on the following factors.
1. Payment history
Payment history says about your past financial obligations and how quickly you met them. Problems such as bankruptcy will reduce your credit score. If you paid your credits promptly you will get a higher credit score.
2. Current debt
How much you owe contributes to your credit score. This factor considers the present financial position. If you are in debt with a large number of sources then obviously it is going to pull down your credit score significantly.
3. Duration of Credit History
If you are having a good credit history over a long period of time, then you will land with a good credit score. It is similar to someone with longer work experience is preferred over someone with lesser work experience. Having a good credit history over longer time period is important.
4. Number of Credit
If a person has more number of credit cards, then it gives a negative impression about the person’s finance and so it will lower the person’s credit score. Someone with lesser credit sources will be given a higher credit score.
The author of the article has good knowledge in the finance sector. More information about credit score can be found at What Is My Credit Score
Article from articlesbase.com
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http://CreditRepair.FinancialBubblewrap.com
The first video in FinancialBubblewrap.com’s Credit Repair FAQ Series answers the question, “How long does credit repair take?”
Duration : 0:1:3
Waterfield Credit teams up with Joe Pippen on “Ask An Attorney” a radio show that has been playing for 25 years. Client’s call in to ask questions about credit reports and scoring. Enjoy 
Teaching people how to fix credit and repair their own credit reports. This is not a funny video. Millions of people are Ranking this video, The Top video on youtube because credit is very important! How do you fix your own credit? www.waterfieldcredit.com or www.eatmydebt.com check them out. Call Drew and his company today to get your life on track. Gayle is a very attractive woman. Understanding why souja boy and rihanna love waterfield credit is simple. There are so many benifits to understanding mtv music videos and how to get codes on guitar hero.
Duration : 0:8:58
Waterfield Credit – America’s most trusted credit repair company, was on Channel 8 NBC in Tampa FL. Teaching people how to fix credit and repair their own credit reports. This is not a funny video. Millions of people are Ranking this video, The Top video on youtube because credit is very important! How do you fix your own credit? www.waterfieldcredit.com or www.eatmydebt.com check them out. Call Drew and his company today to get your life on track. Gayle is a very attractive woman. Understanding why souja boy and rihanna love waterfield credit is simple. There are so many benifits to understanding mtv music videos and how to get codes on guitar hero.
Duration : 0:1:45
Waterfield Credit – America’s most trusted credit repair company has been on CTN and NBC. Here they are Teaching people how to fix credit and repair their own credit reports. This is not a funny video. Millions of people are Ranking this video, The Top video on youtube because credit is very important! How do you fix your own credit? www.waterfieldcredit.com or www.eatmydebt.com check them out. Call Drew and his company today to get your life on track. very attractive woman. Understanding why souja boy and rihanna love waterfield credit is simple. There are so many benifits to understanding mtv music videos and how to get codes on guitar hero.
Duration : 0:6:18
http://www.CreditRepairPublishing.com
Credit Repair Companies: Can They Improve Credit Score Better Than You?
Do you believe an Attorney who can earn $250 an hour will actually work on your credit report for $49 a month?
Or, do you think the whole process is automated and boiler plate letters are spit out on their behalf?
For $49 a month do you feel they are going to “drag out” the process to make more money? Or, do you feel they just want to help the masses by making it affordable?
Will they disclose what they are actually doing? Show you the letters they are sending? Will they dispute with more than one bureau at a time per a month?
Are they just sending dumb letters over and over claiming the account is not yours? Or, are they actually doing factual disputes against the items on your credit report.
Are they going to go over each detail of your report and the EXACT errors on each item? Or, are they just going to shotgun dispute everything and anything that is negative on your free credit report?
Lexington Law is well known for doing credit repair and some people swear by them… but others have complaints. Why so many complaints? Complaints on www.scam.com and www.ripoffreport.com ?
Some people are happy and others are not. Other credit repair lawyers and law firms like www.OvationLaw.com and www.CreditAttorney.com use the clout of being a law firm to make consumers feel more attracted to them.
In reality, you don’t need an attorney to provide you with credit help or legal credit repair. What you need is someone who knows what they are doing in the field of credit restoration. This can be your or someone else.
Be careful. It’s jungle out there.
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Duration : 0:9:58
Waterfield Credit helps Joe Pippen “Ask An Attorney” About Credit Reports and other credit facts. Clients call in on a monthly basis for help in this highly confusing arena, where so little is known. Teaching people how to fix credit and repair their own credit reports. This is not a funny video. Millions of people are Ranking this video, The Top video on youtube because credit is very important! How do you fix your own credit? www.waterfieldcredit.com or www.eatmydebt.com check them out. Call Drew and his company today to get your life on track. Understanding why souja boy and rihanna love waterfield credit is simple. There are so many benifits to understanding mtv music videos and how to get codes on guitar hero.
Duration : 0:9:19
http://www.CrushingTheCreditBureaus.com — You Don’t Have To LIve With Bad Credit Anymore. Learn Insider Tips & Techniques On How To Fix Bad Credit and Improve Your Credit Scores Fast!
Duration : 0:10:24
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