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Credit Education, Credit Reports and FICO Scoring
Introduction
Introduction
Preview
An Intro to John Mackey - FICO Certified Professional
Course Introduction
Downloads
credit test
Credit report - A Real One
Hard Inquiries
Soft Inquiries
Reinvent Yourself
Trade lines
When to Pay A Credit Card
Section 2 - The Fair Credit Reporting Act - How it Protects You
Intro to The FCRA
You Have To Be Informed
Knowledge
Credit Score
Bad Bad Data
Out-Dated
Access
Pre-Screened Offers
Summary
Section 3 - Credit Scores
What is a Credit Score and How is it Derived
Scores - You Do Not Have One
Who Uses Credit Scores and Credit Reports
Some Numbers
Many Scoring Models
Review
Section 4 - Building Blocks
Building Blocks
Hard Inquiries
Hard Inquiries Viewed on Credit Report
Soft Inquiries
Soft Inquiries on Credit Reports
Trade Lines
Public Records and Collections
Summary of Building Blocks
Section 5 - The Pillars of Credit Scoring
The Pillars
Amount Owed
Credit History
Payment History
Types of Credit
Last Application for Credit
Summary of the Pillars
Section 6 - Building Credit
How to Build Credit
Things Happen
Installment Trade Lines
Revolving Trade Lines
Credit Utilization
Secured Credit Cards
Summary
Section 7 - Credit Reports: Where to Get Them, Brief Bureau History, the FAKO Score
Credit Reports
The Credit Bureaus
Equifax
Experian
Trans Union
Credit Scoring and Items That Affect It
...Continued
300-850
Negative Actions
Bad Actions
Skipping a Payment
Debt Settlement
Credit Report Errors
FAKO
The Story of John Frenzer
Misleading FICO Scores
Mortgage Model Confusion
Who cut The Cheese - Why the Credit Scoring System Stinks
Section 8 - Ways to Maximize Your Credit Score
The Ways
Pay Your Bills on Time
Lower Your Ratios
When to Pay a Credit Card Bill
Do Not Pay a Debt Collector
Summary
Credit Fake News
Fake News #1
Fake News #2
Fake News #3
Fake News #4
Fake News #5
Fake News #6
Fake News #7
Fake News #8
Take A Test
Test Questions 1-5
Test questions 6-10
Test Questions 11-15
Test Questions 16-20
Test questions 21-25
Test questions 26-29
Section 3 - Credit Scores
Credit Education, Credit Reports and FICO Scoring
By:
John Mackey
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Completed
We'll cover the following topics in this section:
What is a Credit Score and How is it Derived
Scores - You Do Not Have One
Who Uses Credit Scores and Credit Reports
Some Numbers
Many Scoring Models
Review
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