Is 721 A Good Credit Score – What is the perfect credit score model FICO(r) 5, 8, or 9
Is 721 A Good Credit Score – Most Popular?
Click here for more= http://www.youtube.com/subscription_center?add_user=sullythecreditguy
FICO (r) has announced another new scoring model, they are calling this one “9” what they said was that it will be an improvement over the “8” version currently available. I really like the changes FICO made with the “8” model, the improvements would help many borrowers because of the changes and cut back on the gaming some people have used over the years with the authorized user loop hole. What will version FICO9 bring?
Well the only information has been cryptic at best “Our innovative, multi-faceted modeling approach incorporates a more exhaustive characteristic selection process to build a score that is even more effective across a wide variety of situations,” said Andrew Jennings, chief analytic officer for FICO. “This approach also uses FICO Model Builder’s Multiple Goal Scorecard technology — a sophisticated tool that balances out different scoring objectives applied across various product lines. As a result, we will deliver a new FICO Score that continues to be the credit score that defines U.S. consumer credit risk.”
Check out the 6 steps to better credit here http://www.getloanready.com
For more free information on credit scoring check out my blog at http://www.thecreditguy.tv
Join me on LinkedIn at http://www.linkedin.com/in/thecreditguytv
Follow me on Twitter at http://www.twitter.com/TheCreditGuyTV
Like the Facebook Page http://www.facebook.com/TheCreditGuy
Follow my Pintrest board http://www.pinterest.com/thecreditguy
All Material included in the presentation, class, video or website is protected under copy write law and the property of Hammer it Out LLC. No portion may be used without express written consent. This class, video, website contains ideas and opinions of its author. It is designed to provide knowledge in an accurate way with regard to the subject matter covered. It is to be consumed with the understanding that the author, publisher, or any affiliates are not engaged in rendering legal advice. If legal advice is required, the services of a lawyer should be sought. Although every precaution has been taken in the preparation of this information, the publisher, author and affiliate assume no responsibility for errors or omissions. No patent liability is assumed with respect to the use of the information contained herein. The author, publisher and affiliate specifically disclaim any responsibility for any liability, loss, or risk. Personal or otherwise; which in incurred in consequence, directly or indirectly, or in the use and application of any of the contents of this book, class, video or website.