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Credit Score Arizona

In the United States, a credit score is a number typically between 300 and 850, based on a statistical analyses of a person's credit files, to represent the creditworthiness of that person, which is the likelihood that the person will pay his or her bills.
1. Local Companies
2. Credit Score - Overview
3. Makeup of the Credit Score
4. Range of Score
5. Featured Local Company

1. Local Companies

Waddell & Reed
602-330-9958
13434 N. 12th Place
Phoenix, AZ
ARIZONA AUTO INSURANCE
(480) 659-0229
2455 S Mulberry St
Mesa, AZ
Smith Barney / Financial Consultant
(480) 368-6500
6710 N Scottsdale Suite 250
Scottsdale, AZ
Wells Fargo
602-338-1232
9051 W. Kelton Ln #13
Glendale, AZ
Zito Financial, Inc
480-663-3116
14300 North Northsight Blvd
Scottsdale, AZ
Primary Residential Mortgage, Inc
480-217-2572
1761 E. McNair Drive Suite 101
Tempe, AZ
Primerica
480-766-0696
8940 E. Raintree Drive
Scottsdale, AZ
New York Life
602.391.8099
4343 N. Scottsdale Rd
Scottsdale, AZ
Tracy Financial Services
602-703-9598
2126 W. Vineyard Rd
Phoenix, AZ
ARM Capital Advisors
480 483 6637
5335 E Shea Blvd., Suite 2074
Scottsdale, AZ


2. Credit Score - Overview


In the United States, a credit score is a number typically between 300 and 850, based on a statistical analyses of a person’s credit files, to represent the creditworthiness of that person, which is the likelihood that the person will pay his or her bills. A credit score is primarily based on credit report information, typically from the three major credit reporting agencies.

Lenders, such as banks and credit cards companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. The use of credit or identity scoring prior to authorizing access or granting credit is an implementation of a trusted system. While the most widely known score in the U.S. is FICO, there are many others, such as NextGen and VantageScore.


Do you have Credit Card Debt? Call 877-753-5127

3. Makeup of the Credit Score


Credit scores are designed to measure the risk of default by taking into account various factors in a person’s financial history. Although the exact formulas for calculating credit scores are closely guarded secrets, Fair Isaac has disclosed the following components and the approximate weighted contribution of each:

  • 35%, punctuality of payment in the past.
  • 30%, the amount of debt, expressed as the ratio of current revolving debt to total available revolving credit.
  • 15%, length of credit history.
  • 10%, types of credit used.
  • 10%, recent search for credit and amount of credit obtained recently.

    Fair Isaac does not use the same scorecard for everyone. The scorecards are segmented so that there are over 100 different scoring models that are applied to different individuals based on different ranges of input values. The implication of this segmentation are that while the approximate weighted contribution above may be an average across all scorecards, individuals receive different scores or weightings based on the scorecard segmentation in which they fall. Some consumers have noticed their scores decreasing by small amounts for no apparent reason.


    Do you have Credit Card Debt? Call 877-753-5127

    • 4. Range of Score


    A FICO score generally ranges from 300 to 850. It exhibits a left-skewed distribution with a US median around 725. Generally, 660 is regarded as potentially sub-prime and represents and important break point for credit worthiness. The performance of the scores is monitored and the scores are periodically aligned so that a credit grantor normally doesn’t need to be concerned about which scorecard was employed.

    Each individual has three credit scores for any given scoring model because the three credit agencies have their own, independent databases. These databases are independent of each other and may contain entirely different data. Many lenders will check an applicant’s score from each bureau and use the median score to determine the applicant’s credit worthiness.


    Do you have Credit Card Debt? Call 877-753-5127

    5. Featured Local Company

    Primary Funding Corporation

    602-285-1903
    One East Camelback Rd Ste 550
    Phoenix, AZ
    http://www.primaryfunding.com

    Read more about Credit Score

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