FICO scores have been around for over 30 years, and they determine where you live, the kind of car you drive and even where you work!  It's very important.  I know most of you have heard of it, and it's a shame most of us have not been educated enough on the subject.  Now is the time to educate ourselves.

FICO score helps lenders determine what kind of a risk they are taking when they lend you money.  Your FICO ranges between scores of 300-800.  The lower your score, the higher a risk you are.

FICO score is determined by:

          Payment History 35%
                                               Debt Ratio 30%
                                               How long you've been in the system 15%
                                               Inquiries 10%
                                               Type of credit in your profile 10%

         Good FICO Score Ranges:

                                     FICO score of 700 and higher means Excellent or Very Good credit.  Certain lenders offer better

                                     rates and/or discounts if you    are over 720, 740, etc.

                                     FICO score from 680-699 means Good.  Pretty much you can get a normal loan.  Translating in

                                     layman terms you won't be robbed too bad.

                                     FICO score from 620 to 679 is OK.  You won't be denied but the terms are not going to be too

                                     generous.  Still you are officially a nice person.  But we need to get to work to improve your credit!! 

                                     Call us now for a consultation . . 804-245-6025.

         Low FICO Score

                                     FICO score from 580 to 619 . . .Banks and brokers love you!  Want to know why?  That is where

                                     bad credit starts.  But it is not that bad yet.  They are still able to get you a loan on their terms.  Fat

                                     commissions for them, much more expensive loan for you.  Chances are you will take it since you

                                     have little choice. . and you'll think they are your best friends!

        Bad FICO Score

                                     FICO score from 500 to 580 is where the real trouble starts.  Your credit is bad, period.  You'll get

                                     your loan and you won't like it.  But you should probably take it anyway, because that could be the

                                     beginning of your fresh start.  It could be your way to get some good credit history started.

                                     FICO score of 499 and below . . . My friend, you are in serious need of some help from the

                                     professionals at South Carolina Credit Repair Specialist, call today!

             Call us today for a consultation (843) 251-7463