Thanks and FICOs
We had a nice day meeting with potential clients. Thank you to Dave and Laurie for their hospitality. We look forward to assisting you with the sale of your house. We also met some nice folks looking for properties. We have mentioned in the past how important it is to speak with a lender before looking. We were discussing that with them today.
Over the next couple of weeks, we are going to put in 1 or 2 tidbits a day regarding Credit scores. What they are, how do they affect you, and how can you control them. We hope you find this helpful.
Many lenders use a FICO score, which is a numeric calculation of your credit report calculated by Fair Isaac Corporation, to obtain a fast, objective measure of your credit risk. By understanding the factors that can help or hurt your score, you'll have a better understanding of how lenders view you as a credit risk, and how you can improve your score. Tomorrow we will discuss some of those factors.
Much of the information we will provide of the next couple of weeks comes from many sources. I am using information from Wells Fargo primarily for these snippets.
Thanks,
Adam and Sharon