1. What is FICO?

2. FICO Stands for “Fair Isaac Corporation” This is the company that comes up with your “credit score” – Like a school grade – See, your parents get grades, too! What is considered a good credit score? – Anything over 700-750 – Perfect score is 800 (like a section on the SAT)

3. How Would You Rate Someone?

4. FICO What ruins a credit score? – Paying bills late – Home foreclosure – A Bankruptcy filing – Credit consolidation with negotiated payments – Excessive legal proceedings – Bouncing checks – Medical bill collection Let’s rate a borrower