CREDIT SCORE презентация

Содержание

A credit score is a nasty, brutish beast.

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How to CONQUER your

CREDIT SCORE


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A credit score is a nasty, brutish beast.


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But not only can it be beat…


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You can MAKE IT WORK for you.


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The key is to understand how credit scores are calculated.


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And that’s exactly what I’m about to explain…


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But before doing so, let’s cover a few
PRELIMINARY MATTERS


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Your credit score is a number
between 300 and 850.


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Its purpose is to gauge how likely it is that
you’ll

repay your debts.

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The higher the number, the more likely it is that you’ll

do so.

DELINQUENCY RATE

CREDIT SCORE

Data source: FinanceandCareer.com


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So, what’s a GOOD SCORE?


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This is how it breaks down…
www.FreeScore.com


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Simple enough, right?


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So here’s the question:


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So here’s the question: What specific things can you do to

increase your credit score?

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And the answer is:


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And the answer is: You have to fight fire with fire.


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You have to understand how your score is calculated in order

to determine the best way to improve it.

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Take a look at this chart:
Data source: FreeScore.com


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Take a look at this chart: It shows the FIVE VARIABLES

that credit agencies use to generate your score.

Data source: FreeScore.com


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Your payment history is the most important, with a weighting of:
35%
Data

source: FreeScore.com

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This makes sense when you consider this chart from earlier.
DELINQUENCY RATE
CREDIT

SCORE

Data source: FinanceandCareer.com


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Second is the amount of money you currently owe:
30%
Data source: FreeScore.com


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This is why maxed out credit cards are so bad.


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The next most important is the length of your credit history:
15%
Data

source: FreeScore.com

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This is why older people generally have better credit scores than

younger people.

AGE

AVERAGE CREDIT SCORE

Data source: CreditKarma.com


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In fourth place are any new lines of credit or recent

inquires:

10%

Data source: FreeScore.com


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Finally, are the types of credit you have experience with:
10%
Data source:

FreeScore.com

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The two main types include:


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The two main types include:
Revolving accounts
Like credit cards…


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The two main types include:
Revolving accounts
Like credit cards…
Installment lines of credit
Like

mortgages and car loans…

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So, to tie everything back together into a pretty little package…


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If you want to improve your credit score…


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FIRST
Identify which of the five variables are wanting in your case.


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SECOND
Prioritize their importance based on the weighting.


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THIRD
And then attack them one by one.


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While the process takes discipline and patience, it’ll be well worth

it to conquer your credit score.

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For more valuable advice, click here to download a free report

detailing Warren Buffett’s best-kept secrets.

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