Credit Scoring
DESCRIPTION
Your Name Company Name. Credit Scoring. Defining the Score!. 850 = Highest 720 = Outstanding! 680 = Good 620 = Danger! 500 = Needs Work. The Credit Bureaus. The Credit Scoring Model. Why it was adopted The problem that a “Refi Boom” creates. Understanding their Mindset.
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Credit Scoring
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Presentation Transcript
Your NameCompany Name Credit Scoring
Defining the Score! 850 = Highest 720 = Outstanding! 680 = Good 620 = Danger! 500 = Needs Work
The Credit Scoring Model • Why it was adopted • The problem that a “Refi Boom” creates
Understanding their Mindset • How you can help • What your lender needs to know
Keeping Score 35% = Credit History 30% = Debt Ratio 15% = Credit Length 10% = Credit Type 10% = Inquiries
Credit Scoring Your NameCompany NameAddressPhoneEmail
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