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What is credit scoring, FICO Scores
and risk scores?
Credit scoring comes from the
Fair-Isaac and Co., Inc. (FICO). FICO
developed the risk scoring models most widely used by lenders.
www.fairisaac.com.
Your risk score is a simple numerical evaluation of a person's
credit and debt repay- ment history. So far, only California law
requires a risk score be made available to
consumers. Otherwise, your FICO score factors information
may be
provided to banks, retailers, employers and credit card issuers,
by the credit reporting agencies, to help all lenders ascertain an
applicant's credit- worthiness. Some major creditors
calculate their own risk score models - as do some credit
reporting agencies - and do not by law have
to reveal or explain them to consumers, except in California. For
more info:
www.myfico.com www.myfico.com.
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Debt Consolidation Loans
Debt Consolidation Loans With Bad
Credit
Mortgage Loan Debt Consolidation
Debt Consolidation Home Loans
Unsecured Debt Consolidation Loans
Refinancing Mortgage Loan Debt
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AMERIQUEST
offers debt consolidation
loans.
Need To Get Out of Debt?
Look into a debt consolidation loan
today. There are many advantages to debt consolidation:
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Decrease credit card interest by up to 50%
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Lower and consolidate monthly payments |
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Eliminate late charges and over the limit fees |
| Improve your credit rating and FICO score |
Request More Information Now
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The ABCs of Home Equity and Debt Consolidation Loans
Using a loan secured by your home to pay off
your high interest credit cards can make sense when you look at
the numbers.
First of all, the interest is almost always a lower fixed rate, so
in
comparison to the interest on your credit card, you save money.
Also, because it's secured by real estate, the interest is often tax deductible. Finally, your monthly payment is likely to be a lot
lower than the combined monthly payments of all the debts you
consolidated
As for the reduced monthly payment, while that payment may be
less,
remember that a home-equity mortgage is usually a payment
commitment
that can last anywhere between 15 and 30 years.
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Complete
an easy online form at LoanApp.com