Page 16 - iNETrepreneur.magazine.Dec.2020.final
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Credit Score Components              part of the calculation of my FICO  Lynn  has  lived  in  Arizona  over  60
                                             score – False                        years and is making her dreams come
        • Payment History is 35%                                                  true  by  helping  people  in  healing
        • Debt Ratio is 30%                  The  Fair  Credit  Reporting  Act  through  her  studies  and  expertise.
        • Average Age of File is 15%         specially  states  that  every  item  She  also  holds  ordination  with
        • Mix of Credit is 10%               reporting on a credit report must  Universal Life Church She has been
        • Inquiries is 10%                   include:                             coaching people in all area of their
                                                                                  life. She loves helping people starting
        FICO Score Facts & Fallacies         • 100% Verifiable Information        home-based  business  because  she
                                             • Report Timely Information          teaches people the benefit of having
        • Closing my unused credit cards  • 100% Accurate Information             a  home-based  business  through
        will improve my FICO score - False                                        saving money their income taxes.
        • My FICO credit score should be  If  you  have  questions  about
        the same at all 3 credit Bureaus –  your  credit  and  how  to  improve  Angelight Credit Counseling LLC
        False                                it,  contact:  Angelight  Credit  https://www.shopfinancial.com/
        •  When I get  married, my credit  Counseling                             angelightcounseling
        report is merged with my spouse’s                                         602-501-5600
        – False                                                                   angelightcreditcouseling@yahoo.
        • My annual household income is                                           com

























































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