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Discussion in 'Credit Talk' started by racinut88, Mar 10, 2001.
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You are CEO...OR PRESIDENT OR VP OF YOUR COMPANY...
No self-employment dosn't hurt your FICO score.Lenders gives the 3nd highest amount of points when calcalating a persons score.Professional score the highest number of points,and regular employment scores the 2nd highest number of points.What really makes up the score is a persons payment history,how much is owed,Amount of availiable credit,any deregotory information,and a mix of credit such as loans,"SAC" instalments loans,charge cards,and all forms of revolving lines of credit including credit cards,and the length of credit file are heavy weighted on calcalating a persons credit score.Keep in mind that credit scoring dosn't look at a individual's income at all 3 CRA's.