I read Debt Cures by Kevin Trudeau. He states there are 88 criteria that are considered "negative" when a credit score is calculated. Is there a website or other resource where those 88 criteria are listed?
Not sure if this is a wild goose chase or not. My understanding was that there were 94 variables considered when FICO developed a credit score. Reportedly there were 6 that would be considered "positive" variables (adding to your score) and 88 that were negative (decreasing your score). I was trying to determine what those variables are and, more importantly, if some are weighted more heavily than others. For instance, does carrying more than 35% of debt on a credit line hurt your score more than being late 30 days?
what is the 88 criteria, could you explain a little more please?
88 criteria
Goodnatured,
Not sure if this is a wild goose chase or not. My understanding was that there were 94 variables considered when FICO developed a credit score. Reportedly there were 6 that would be considered "positive" variables (adding to your score) and 88 that were negative (decreasing your score). I was trying to determine what those variables are and, more importantly, if some are weighted more heavily than others. For instance, does carrying more than 35% of debt on a credit line hurt your score more than being late 30 days?
Thanks for any help you can provide!