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5 Cards in this Set
- Front
- Back
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Hard inquiries |
Remains on credit for 2 years but only impacts for 12 mo 5 point hit Same inquiries count for 1 if within 14-45 day period |
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Soft inquiry |
Individual checking own information or employer doing a background check |
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Fair Credit Report Act of 1971 |
Gives free access to credit report Can repair if incorrect immediately in writing up to 100 words to Credit agency |
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FICO breakdown of score |
35% payment history 30% amount owed 15% length of credit history 10% new credit 10% types of credit used |
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Vantage score vs FICO |
Weighs payment history more than FICO Puts more weight on the last 24 months of credit history |
