Credit. Credit rating Range: 300-850 higher is better Most lenders base approval on scores FICO...

Credit

FICO SCORE (FAIR ISAAC CORPORATION)

Credit rating Range: 300-850

higher is better Most lenders base approval on

scores

FICO Percentage Breakdown

CHECK YOUR CREDIT REPORT

• One free credit report per year from each of the three credit reporting agencies• Experian: www.experian.com• Equifax: www.equifax.com• TransUnion: www.transunion.com

• www.creditkarma.com• Provides free reports for

Transunion & Equifax

HIGH IMPACTING FACTOR

HIGH IMPACTING FACTOR

HIGH IMPACTING FACTOR

MEDIUM IMPACTING FACTOR

LOW IMPACTING FACTOR

LOW IMPACTING FACTOR

BENEFITS OF HAVING GOOD CREDIT

More loan opportunities

Increased borrowing limits

Higher approval for renting

Reflects well for employment opportunities

Lower interest rates

Myfico.com

Credit Scores Effect on Interest Rates

RESOURCES/SUGGESTED READINGSThe Road to 850: Proven Strategies for Increasing Your

FICO Credit Scores by Bingham

Eight Steps to Seven figures by Carlson

Getting Rich in America by Liberman and Lavine

The Millionaire Mind by Stanley

The Millionaire Next Door by Stanley & Danko

The Automatic Millionaire by BachTIAA-CREF

"Investing for your Future" Home Study Course

Extension Personal Finance Site

RCE Money and Investing Site

Investor Education Foundation

Choose to Save

Save and Invest

My Money (Federal Government Site)

Poverty in the USKiplinger