03.03.2022 - FICO
Comments
Another fantastic session from Tiffany. This is a must for anyone truly interested in learning how credit scores work.
The Latest Ideas on FICO Credit Scores from Expert Tiffany Cross
Presented by Tiffany Cross,
![Tiffany Cross](/sites/default/files/styles/small/public/2022-03/Tiffany%20Cross_5.jpg?itok=UjhKSs4Q)
This session feature an in-depth review of the 5 factors that are used to calculate one's credit score.
Here are ideas that the attendees learned from Tiffany:
Great insights into how the scoring and repair process work now |
New- rental history, Resilience score and suggestion to pay off credit cards that report end of month, twice a month so that high utilization not reflected. |
Timing of when credit card companies and banks/lenders report balances to credit reporting agencies each month as a potential factor that affects credit scores. |
Factors that make up credit score and strategies to increase score; what to do when depending on objective. |
Hadn't heard about Credit Resilience Score. |
I really enjoyed her points about the utilization strategies and the differences between "Vantage" and "FICO" scores and where each is most applicable. |
To pay off debt or close credit cards will lower your FICO score. |
Loved updates on the don't learn it the hard way or Credit card early payoff tricks |
- Installment loans paid off lowers credit score - Resilience score |