08-28-2008 02:56 PM
08-28-2008 03:12 PM - edited 08-28-2008 03:14 PM
08-28-2008 06:46 PM
Scores a just one aspect in underwriting. Income, housing status, current credit lines and their amounts, DTI and your overall credit file are all looked at. If you app online, you can be denied for a number reasons, and scores is usually not one of them (at least the denials are not usually worded this way). Some of the more common denial reasons are:
Does anyone know of any banks that look solely at score and not information? I have fairly decent scores, but my credit profile isn't too great.
08-29-2008 07:16 AM
08-29-2008 08:10 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO