How Are Credit Scores Calculated For A Credit Report Explained - Understanding Credit Scores
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How Are Credit Scores Calculated For A Credit Report Explained - Understanding Credit Scores
In this video we discuss how credit scores are calculated. There are 5 main categories that are used, and scores are tabulated from these categories. We go through a made up example of how companies may generate a credit score. Transcript/notes Fico scores are based on 5 different categories, 35% on payment history, 30% on amounts owed, 15% on ...
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