What A FICO Score Is Not

FICO scores use a lot of information to determine your score. Some information that they do not use includes:

1. Personal information such as race, color, national origin, sex, or marital status.
2. Whether you receive public assistance.
3. Your age.
4. Where you live.
5. Your salary, occupation, title, employer, date employed or employment history. The lender may use is information however. Especially if you have a fair score (620-659), but you have a stable job history.
6. Whether you have participated in consumer credit counseling.
7. Any information not contained on your credit report.

In the next issue I will discuss ways to improve your credit score.