FICO?

Simply stated, a fair Isaac ( FICO) Score is a

number between 350 and 850, and is calculated

by using approximately 45 different criteria

from a person’s credit profile.The

score is intended to indicate a person’s credit

worthiness. The higher the number, the better.

Your credit is broken down into three

primary categories:

1.    MORTGAGE CREDIT -- This category includes

your payment history on existing and previous mortgages.

2.    CONSUMER CREDIT -– This category relates to

installment and revolving credit. Installment credit

includes long-term

credit with structured payment plans, such as car loans

or student loans.

Revolving credit includes department

store and bank credit cards.

3.    PUBIC RECORDS -- This category relates to

public records such as previous bankruptcies,

collections, foreclosures, and judgments.

ADDITIONAL ISSUES INCLUDE:

1.      Number of credit lines.

2.      Payment history.

3.      Severity of delinquencies.

4.      Current level of debt.

     GENERAL GUIDELINES