How are my Red Phoenix Freaks and blog aholics?!?! I love you all and I want to say thank you for following me, reading my blog and giving me the support that you do! I work hard to give you real information, I do have a lot if inside stuff and I'm always working to give you good information! Today we chat it up about what pulling your credit and what it means!
Okay friends, you've all heard the ad's with the songs, the "Identity guard" ads and so on. When I say songs, I mean the my free credit report.com songs. You know what I mean?!?! Here's the deal friends, all those sites DO NOT GIVE AN ACCURATE CREDIT SCORE! I work with many, many clients that went to those sites to get a score, but then got shut down when trying to get a mortgage. WHY???? Friends, FICO is what the world cares about! www.myfico.com is where you want to be if you want to pull a score that 85-90% of banks use to evaluate risk. I don't usually pimp a site or do any type of sales stuff, but this topic comes up so OFTEN!!
So you pulled your credit and after reading this you might be pissed that the score isn't accurate!! Not all is lost my friends, I'm going to give you a little break down of how FICO works. I must warn you, if you're a googler you will find things that contradict what I'm saying. That's what Google does, it makes you feel right! 35% of your score is based on your derogatory pay history, 35% is based on your current debt and utilization ratio. Meaning, how are you paying on current credit. Blend ration of 10 and 15% for depth of credit and mix of credit and the last 5% leave it to inquiries. So you're saying, blah, blah, blah Hudson, what the hell does all this mean and what the hell do I do now?!?!?!
Content, information, content, content! Look at your credit report beyond the scores! Is the information accurate? You know what friends, do you want more info? Let me know, I'll give it up for free. I'm here to help but I hate to blog a book! Let me know if you want info, what info you want and I'll give it to you for free. I love my fans and thank you for reading this, if you want me????? I'm always around...
john@redphoenixco.com
twitter @deletebadcredit
find Red Phoenix Consulting on FB and like me!
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