8 Rules Lenders Follow In Determining Credit Risk

1.Current Debt 2.Payment History 3. Public Records 4. Types of Financing You currently manage 5. Length of Credit History 6. Recent Credit activity 7. Collection Accounts 8. Your Current FICO Score
By: Improve Credit News
 
Feb. 22, 2011 - PRLog -- 8 Rules Lenders Follow In Determining Credit Risk



1.Current debt – to see if you are able to take on more debt

2. Payment history – to see if you have paid your bills on time

3. Public records, such as bankruptcies, judgments and liens

4. Types of financing you've successfully managed

5. Length of your credit history

6. Recent Credit activity, including new accounts and credit inquiries by other lenders

7. Collection accounts- Are Your current credit accounts in collection?


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Source:Improve Credit News
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Tags:8 Rules in Determining Credit Risk, Fico Information, Fico Scores, Fico Facts, Mortgage Lender Help
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