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Credit Scores and How They Can Affect You

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Manage episode 281760950 series 2851724
Content provided by Richard Oring. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Oring or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In today's episode, we go inside your FICO score - first by explaining what it is, and the factors that go into calculating it. They are:

  • 35% Payment History
  • 30% Amounts Owed
  • 15% Length of Credit History
  • 10% Credit Mix
  • 10% New Credit

In addition to breaking down each of these categories, we will also cover what's changing in the newest FICO Score 9 version. This includes changes in how medical debt and rent payments are counted.

Finally, Richard provides some key tips on how to monitor your credit report, dispute items, and maximize your score.

Learn more:

Email Richard: ROring@ncfg.com

New Century Financial Group Website

Call Richard: 609-924-2049 x126

  continue reading

29 episodes

Artwork
iconShare
 
Manage episode 281760950 series 2851724
Content provided by Richard Oring. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Oring or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In today's episode, we go inside your FICO score - first by explaining what it is, and the factors that go into calculating it. They are:

  • 35% Payment History
  • 30% Amounts Owed
  • 15% Length of Credit History
  • 10% Credit Mix
  • 10% New Credit

In addition to breaking down each of these categories, we will also cover what's changing in the newest FICO Score 9 version. This includes changes in how medical debt and rent payments are counted.

Finally, Richard provides some key tips on how to monitor your credit report, dispute items, and maximize your score.

Learn more:

Email Richard: ROring@ncfg.com

New Century Financial Group Website

Call Richard: 609-924-2049 x126

  continue reading

29 episodes

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