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FYI: On Credit

Posted by Percy A Lowe on September 16, 2013 at 4:00 AM

Have you ever wondered how some people can easily and effortlessly waltz into a bank and walk out with a home loan, car loan, or line of credit, while others get rejected time after time?

Have you ever been puzzled at the complex science behind credit scoring? It is a somewhat confusing and mind-numbing mix of numbers, ratios, and complex algorithms used by our lenders these days to supposedly calculate your risk as a borrower.

Are you tired of feeling confused at the lingo that so many lenders throw around as if you knew what they were saying as they turn you down for having insufficient credit scores?

You are about to discover the simple credit scoring secrets that lenders use to help evaluate your risk as a borrower.

I will pull apart the few components of a credit score for you so that by the end of this, you will be able to better understand exactly what you must pay attention to with regards to your own credit, so that you can become and maintain status as an "A" borrower forever more.

 

Categories: Credit Education and Restoration


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