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Showing posts from October, 2015
Credit Score – How does it work? By Audrey Washington –  Manhattanville School of Business  2004 Founder/ CEO – Washington Consulting Group Signature Program – Workplace Financial Fitness® www.workplacefinancialfitness.com Credit Score - How does it work? Most students will think about their credit at some point during their academic life.  Whether it’s to obtain a student loan or if you find yourself with reduced income as you focus on completing your degree and are juggling your finances to stay on track.  Your credit score is a major part of the credit process and for many students, Credit Score is a mystery.  Most of you have heard of it but don’t really know how it works and more importantly, how it impacts you.  In the early years of loans and credit, people used letters to identify a person’s credit worthiness – A, B, C, and D.   In 1989, F air I saac CO mpany introduced the credit score model – called FICO score for their company name.    There a