FICO Score: Bangkok Real Estate

FICO Score: Bangkok Real Estate
FICO Score: Bangkok Real Estate

FICO score is a type of credit score. Credit scores serve as a financial reliability indicator.

FICO score, distinct from other credit scores, uses a unique algorithm.

FICO score differentiates from other credit scores in algorithm complexity. Other credit scores, such as VantageScore, employ different methodologies.

FICO’s algorithm analyzes payment history, amounts owed, length of credit history, new credit, and types of credit used.

FICO score features payment history as a significant component. Payment history impacts 35% of the score.

FICO score considers amounts owed crucial, accounting for 30%. Length of credit history also plays a role, influencing 15%.

Common FICO score features include the inclusion of payment history. Payment histories impact scores universally.

Amounts owed feature in most credit scoring systems. Credit utilization ratios are standard across scoring systems.

Unusual FICO score features entail the weight given to different credit types. FICO scores assess mixed credit as beneficial.

FICO distinguishes between revolving and installment credit, unlike some models. The treatment of past credit inquiries after 12 months as irrelevant is distinctive.

Unique FICO score features involve the specific weight assignments. No other credit score assigns exactly 35% to payment history.

The exact 30% weight to amounts owed is unique to FICO. The 15% weight for credit history length does not match other systems precisely.

FICO score’s nuanced algorithm sets it apart from alternatives. While VantageScore considers similar factors, its weighting and interpretation differ.

FICO’s specific percentages for each category create a distinct profile that other scores do not mirror.

For further understanding of terminologies used in this context, explore our glossary about Bangkok real estate.