Credit Scores Are Making The Grade From: The Washington Post | Date: August 3, 1996| Author: | Copyright 1996 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

Do mortgage credit scores really work? Can a lender accurately predict whether you're likely to miss a couple of mortgage payments sometime in the future and therefore charge you a higher interest rate or fees on your new home loan? Or deny you a mortgage altogether?

Can you as an individual really be summed up in a mysterious triple-digit number that looks much like a Scholastic Assessment Test score -- 580, 620, 750 -- you submit if you apply to college?

Federal government researchers recently completed the most comprehensive study on these questions and have arrived at this answer: ...

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	For some, use of credit scores doesn't add up; Q: In which situation is your credit history likely to be checked? Refinancing a mortgage. Taking out a bank loan. Applying for a credit card, an insurance policy, an apartment. Flying to a warm spot. A: All of the above.(NEWS) ; ...created a public outcry. Credit scores are increasingly taking...creditworthiness of customers by 70 percent of the leading U.S. banks, 65 percent of the world's credit...mystery process But how credit scores are computed is a mystery...secret, Fair, Isaac said 35 ...
	Problems with your credit scores.(FRIDAY HOME GUIDE)(MORTGAGE Q&A) ; ...enough to put 20 percent down. We contacted...my girlfriend's credit scores are under 600...let me explain credit scores. Several years...able to put 20 percent down is reason...begins to exceed 36 percent of your gross...675, or about 50 percent of your income...also ...
	Group's Classes Help Future Homeowners; Improving Credit Scores Is Key Lesson ; ...housing finance and repair of credit scores. More than 90,000 of those...Kenneth D. Wade, only 15 percent of current first-time home...learn. Many must prop up credit scores or otherwise remain prone...ability to repay a loan. Credit scores range from a not...listed for ...
	Spenders struggle with credit scores, other problems ; Credit scores could affect more than the amount of plastic you keep...Chamber of Commerce to teach the importance of good credit. Several members of utility, service and financial...Statistics, average annual expenditures were up 6 percent in 2004 from 2002. For every $1 earned, Americans...money ...
	CREDIT SCORING MODELS AND CREDIT SCORES:EVAN HENDRICKS ; ...corporations. I am the author of the book, ``Credit Scores and Credit Reports: How The System...3rd Edition, Privacy Times 2007) Credit Scores & American Consumers: Only Half...how far we have come on the issue of credit scores, while at the same time underscoring...
	INSURER TO USE CREDIT SCORES COMMERCE INSURANCE SAYS DATA WILL HELP IT TO SCREEN CUSTOMERS ; ...said yesterday it plans to start using credit scores this month to determine whether to...financial officer at Commerce, said credit scores - number grades assigned to indicate...whether there is actually a link between credit scores and the propensity for filing claims...
	Texas Department of Insurance report links credit scores, claims activity. ; ...correlates insurance claims activity with credit scores. The report, mandated by the Texas...companies have long claimed -- higher credit scores go with fewer claims and lower scores...Analysts tried to determine whether credit scores are an effective predictor of risk...
	FTC backs use of credit scores by auto insurers ; ...Trade Commission said yesterday that credit scores are valid predictors of future auto...resulting in flawed conclusions. The use of credit scores by insurance companies has been a lightning...regulations that allowed home insurers to use credit scores in setting rates, but abruptly ...
	Our views: ; Borrowers had better beware; Now more than ever, balances on credit cards affect credit scores ; ...so doing, lowering their credit scores. That can make for nasty...credit cards can affect their credit scores. USA Today put it this way...rate, raising it from 40 percent to 80 percent." That is then...payment habits affect their credit scores, now more than ever.
	USE OF CREDIT SCORES HURTS CONSUMERS.(OPINION)(GUEST COLUMN)(Column) ; ...your insurance premiums? Credit scores are numerical indicators...insurance companies use credit scores to increase rates and...be prohibited. First, credit scores are often based on faulty...study concluded that 79 percent of credit reports contain...report error. ...

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