Sentences with phrase «specific type of credit score»

A FICO score is a specific type of credit score administered by the Fair Issac Corporation that considers the same factors as many of the major credit bureaus, in addition to a potential borrower's credit report to arrive at a numerical evaluation of their «creditworthiness» or likelihood they they'll be a low - risk borrower for the lender to take on.

Not exact matches

Your FICO score takes into account how long your credit accounts have been established, including the age of your oldest account, the average age of all your accounts, and the age of specific types of accounts (student loans, car loans, etc..)

These are scores similar to base FICO ® Score versions but tailored for a specific type of credit such as an auto loan or credit card.

This portion of the score factors in the age of your oldest account, the average age of your accounts and the age of specific types of accounts such as credit card accounts, car loans and mortgages.

Well, in addition to the variations found within the proprietary models of the rating agencies, there are industry - specific credit scores that are used for particular loan types.

if you count both of the two scoring models, the three different credit bureaus, and the specific credit scores for each type of lender, then we're up to more than 20 different credit scores per person — and more than 30 or 40 if you include the direct - to - consumer scores and other variations.

Which instrument to use depends on your specific situation, debt type and size, credit score, and a number of additional factors.

Experian also provides industry - specific credit scores to lenders in certain types of businesses.

Currently, there are two kinds of wholesalers who offer two very different types of credit reports: industry - specific FICO ® score providers and FAKE - O ™ score providers.

They'll run a credit check, and offer you a specific loan amount and a specific rate of interest, based on your credit score and whether or not you're securing the loan with some type of collateral.

FICO is a type of credit score that was developed using a specific set of analytics.

Industry - specific FICO ® Scores incorporate the predictive power of base FICO ® Scores while also providing lenders a further - refined credit risk assessment tailored to the type of credit the consumer is seeking.

Industry - specific FICO ® Scores help lenders more accurately assess the risk on a specific type of credit obligation, such as car loans or credit cards.

Industry - specific FICO ® Scores are grounded in the same algorithm as base FICO ® Scores, but are tweaked to provide lenders a further - refined credit risk assessment tailored to the type of credit the consumer is seeking.

Actual prepaid finance charges, closing costs and monthly payment on your specific loan transaction may vary based on property type, location and down payment.These mortgage rates and terms are based on a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score.

Whether you'd like a standard policy or something specific like exotic car insurance, your car insurance quotes are based on a number of calculations and factors including your age, gender and marital status as well as where you live in Fair Lawn NJ, what type of car you drive, your driver history and your credit score.

Online score: Hundreds of online companies offer credit scores to consumers, but while the data comes from the same three credit reporting agencies, it often applies general criteria not designed for any specific use and therefore isn't a good source to determine how a certain type of lender may view you.

Your FICO score also considers the amounts you owe on specific types of accounts, such as credit cards and installment loans.

Your FICO ® score takes into account how long your credit accounts have been established, including the age of your oldest and newest accounts and an average age of all of your accounts, how long specific types of credit accounts have been established and how long it has been since you used certain accounts.