New,FICO,Scores,Boon,Landlords business, insurance New FICO Scores A Boon To Landlords
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
The higher the FICO score the lower the interest ratesoffered by most lenders. For example here is a lookat how FICO scores might affect a $150,000 30-year,fixed rate loan:Score Interest Payment720-850 5.64% $865700-719 5.77% $877675-699 6.30% $929620-674 7.45% $1,044560-619 8.53% $1,157500-559 9.29% $1,238Rates change frequently, but you can check the dailyaverage at myfico.com.Fair Isaac has extended its FICO score to cover anexpanded population base. This expanded FICO coveragewill tap into non-traditional sources of consumer datato assess the credit risk of adults who have minimalor no credit history on file - such as recent immigrants, people with low incomes, recent widows and divorcees, and young people.The company has tapped into non conventional ways ofestablishing credit scores. People pay rent, theypay catalog companies when they order something,they pay back payday loans -- there are various wayspeople show financial responsibility and Fair Isaacwill now be gathering that information to help determine FICO scores.An estimated 160 million Americans have documentedcredit histories adequate for calculating classicFICO credit scores. An estimated 50 million consumers do not. Now that will change.For real estate investors and landlords this means that we should be able to find a few more credit worthy buyers and renters than in the past.http://digbig.com/4cmxd Article Tags: Fico Scores
New,FICO,Scores,Boon,Landlords