credit scores: the big picture

Presented by: Tony Budri

The most widely used credit scores are FICO scores, which were developed by Fair Isaac & Company, Inc. (and they're named after their inventor!).  Your FICO score is between 300 (high risk) and 850 (low risk).

Score OddsAbove 800 1292 to 1 760 to 799 597 to 1 720 to 759 323 to 1 700 to 719 123 to 1 680 to 699 55 to 1

Score Odds660 to 679 38 to

1620 to 659 26 to

1500 to 600 8 to

1 Below 500

FICO Score APR RateMonthlyPayment Interest

Paid

720-850 5.3% 2776.52 $499,549

700-719 5.9% 2965.68 $567,647

680-699 6.5% 3160.34 $637,722

620-679 7.6% 3530.37 $770,937

560-619 8.4% 3809.19 $871,305

500-599 9.9% 4350.95 $1,066,352

• Past Delinquencies

• Revolving Debt Ratio

• Average Age of File

• Mix of Credit

• Inquiries

35% of aof a Credit ScoreCredit Score

30% of a of a Credit ScoreCredit Score

15% of a Credit Score

10% of a Credit Score

10% of a Credit Score

• Pay off revolving credit cards or at least spread balances evenly at a minimum

• Ask for credit limit increases• Bring past due balances current• Open business credit cards in addition to

personal• Use old credit cards you haven’t used• Pay down “neg-am” loans below loan

amount originally borrowed

Retain our years of experience Today…On average we remove: 2 of 3 items!

Contact us at 1-877-949

Visit our website at www.IdealCredit Inc.com