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WebNetworksLIVE.com What Exactly IS a FICO Score?
Lenders depend on them every
day, but do you know what it is about a FICO score that really matters?

WebNetworksLIVE.com What Does a FICO SCORE Consist Of?

35% - Payment History
30% - Amounts Owed
15% - Length of Credit History
10% - New Credit
10% - Types of Credit

WebNetworksLIVE.com How Do I IMPROVE My Credit Score?
You have a few bad marks on
your credit report? Here are some tips on how to help improve your FICO score.

WebNetworksLIVE.com What If I Had to File For Bankruptcy?
Bankruptcy on your credit report? Here are some tips on how to
help improve your FICO score
and get back on your feet after a bankruptcy.

WebNetworksLIVE.com The Benefits of a FICO Score
So, you think FICO scores are
only a problem one has to deal
with when applying for loans?
There are many benefits to FICO scores that you should know of.

WebNetworksLIVE.com What a FICO Score Does NOT Consider
Credit reports contain a LOT of information about us. But, there
are many things that they
CANNOT report to lenders,
employers and more.

WebNetworksLIVE.com How Do I Correct Any
ERRORS Found On My Credit Report?

Sometimes companies can make mistakes which can be reflected
on your credit report. Here are
some tips on how to fix
credit report mistakes.

WebNetworksLIVE.com About Free Credit Reports
Some information about what
types of free credit reports are available to individuals.

WebNetworksLIVE.com Do Know Your Credit RIGHTS?
There are many things credit
reports could possibly report,
but our own individual rights can block them from being violated
in order to present people in the fairest manner.

WebNetworksLIVE.com What You Must Know About IDENTITY THEFT
Identity theft happens every day. Learn dome tips on how to
protect yourself.

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What is NOT Considered in Consumer Credit Report Scores?

It seems like everything about a person has some influence on a credit score these days. However, there are several things worth mentioning here that are not considered in credit scores are race, sex, marital status, ethnicity, religion, or national origin. U.S. law prohibits credit scoring from considering these facts, as well as any receipt of public assistance, or the exercise of any consumer right under the Consumer Credit Protection Act.

Also, when FICO scores are considered, a person’s age or location or residence is not considered as well as employment information such as salary, dates and history of employment, occupations, employers, and job titles. Even though employment is not considered when calculating a credit score, many lenders oftentimes consider this information when considering a potential borrower.

In many cases, employers will also check an applicant’s credit history for employment purposes. These types of credit inquiries are not considered in a FICO credit score as well other certain types of credit inquiries such as consumer credit inquiries where an individual checks their own credit score, administrative or “account review” inquiries made by lenders as well as promotional inquiries for such things as “pre-approved” credit offers from lenders or credit card companies soliciting new accounts.

It has been debated whether rental payments actually affects an individual’s credit score or not as rental payments are not usually considered in a credit score…if they are made on time. However, if a person does not pay their rent and develops a bad credit history due to landlords reporting their debts to collection agencies their credit score may indeed be adversely affected by a rental payment situation even though rental payments are not “officially” tracked by credit bureaus.

Child support payments follow a similar guideline to that of rental payments. Under normal circumstances, child support payments do not reflect in a credit report unless a parent does not pay the payments on time where the parent with the overdue parent is categorized as “in arrears” and is reported to collections. An “arrear” simply being an overdue child support payment. When an individual is “in arrears” or behind in child support payments, those debts are reported to the credit bureaus which may, in that case, have a negative impact on that person’s credit score in addition to a host of other penalties.

Overall, whatever is included in your FICO credit report is what is used to calculate your FICO score. Anything else that does not show any evidence of being a determining factor of an individual’s risk of defaulting on a loan would not be considered in the determination of an individual’s credit score.

Get Your Free Experian Credit Report and Score Now!

Your credit plays a major role in your everyday life. More now than ever before.

Free Credit Score & Report - ExperianWebNetworksLIVE.com Having good credit affects the way you will be able to make purchases, obtain financing, insurance and more. And keeping track of your credit score from one of the three reporting companies (Experian, Equifax and TransUnion) is imperitive.

WebNetworksLIVE.com These days, with the growing demand for good credit from lenders, it is important not only to manage your credit closely in order to get the things you want most in life, but also to keep an eye on others' potential fraudulent activities using YOUR credit. Get your Free Credit Report here.

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