Understanding FICO and Managing Credit

Course overview

Statement that Realtors should not act as Credit Counselors History from 1920's. Legislation on consumer protection Acts and how they protect the consumer. Differentiation of the three main types of Credit and how they affect FICO scoring. The main elements of how a consumer is rated, with regard to credit worthiness. Understanding Fico and managing one's Credit Score How much one is penalized for derogator items and how to recover