Credit Education, Credit Reports and FICO Scoring

Learn How to Lower your bills and Raise Your FICO score

4.34 (121 reviews)
Udemy
platform
English
language
Finance
category
instructor
Credit Education, Credit Reports and FICO Scoring
500
students
2 hours
content
Mar 2019
last update
$39.99
regular price

What you will learn

How to reestablish credit after a bankruptcy. •

Understanding your credit reports

Your rights and the laws that govern credit reports

How to maximize your credit score •

Description

We live in a time in which credit scoring, specifically FICO scoring, means everything.

Your score determines when and if you can purchase a home, when and if you can obtain a credit card and at what interest rate, where you rent or where you live, how much your transportation will cost you, what type of employment you have and how much you pay for insurance.

It is virtually impossible not to have your credit score affect you. You would literally have to be living off the grid for credit scoring to not affect you. Not many people can live off the grid.

My point with this course is for everyone to be well informed about credit and credit scoring, especially the FICO method. As you will see, the truth will probably open most of your eyes.

Even if you have great credit and a great credit score, you will benefit, sometimes immensely. Just by applying some of my principles, you could see your credit score go up significantly.

Content

Introduction

Introduction
Who I Am
Course Introduction - by section
downloads

The Fair Credit Reporting Act - How It Protects You

Intro to the FCRA
You have to be informed
Knowledge
Credit score
Bad Data
out dated
Access
Pre-screened offers
Summary

Credit Scores

Credit scores – what is a credit score and how is it derived
Scores - You do not have one
Who Uses Credit Scores And Reports
Some Numbers
Many Scoring Models
Review

Building Blocks

Building Blocks
Hard Inquiries
Hard Inquiries viewed on Credit Report
Soft Inquiries
Soft inquiries on Credit Reports
Trade Lines
Public Records and Collections
Summary of Building Blocks

section 5 - The Pillars of Credit Scoring

The 5 Pillars of Your Credit Score
Amount Owed
Credit History
Payment History
Types of Credit
Last application for Credit
Summary of the Pillars

Building Credit

How To Build Credit
Things Happen
Installment Trade lines
Revolving Trade Lines
Credit Utilization
secured Credit Cards
Summary

Credit Reports - Where to get them, Brief bureau history, the FAKO socre

credit reports
The Credit Bureaus
Equifax
Experian
TransUnion
Credit Scoring and Items That Affect it
cont
300-850
Negative actions
Bad actions
Skipping a Payment
Debt Settlement
Credit Report Errors
FAKO
The Story of John Frenzer
Misleading FICO Scores
Mortgage Model Confusion
Who Cut the Cheese - Why the Credit Scoring System Stinks
Summary

Ways to Maximize Your Credit Score

Ways to Maximize your Credit Score
Ways to Maximize Your Credit Score
Pay Your Bills on Time
Lower Your Ratios
When to Pay a Credit Card Bill
Do Not Pay a Debt Collector
Summary

Credit Fake News

Fake News #1
Fake News #2
Fake News #3
Fake News #4
Fake News #5
Fake News #6
Fake News #7
Fake News #8

The Test

Credit Test introduction
Questions 1-5
Questions 6-10
Questions 11-15
Questions 16-20
Questions 21-25
Questions 26-29

Reviews

Nirupam
July 26, 2020
Course was very generic & not in depth. A couple of live worked out examples on how Borrowings affect FICO score would have been great. However, slides were well explained and question and answer session towards the end was good.
Alexa
April 20, 2020
very informative. i am a mortgage loan originator and i will be able to utilize this info for my skills.

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Related Topics

1923562
udemy ID
9/20/2018
course created date
11/23/2019
course indexed date
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course submited by