This FICO Revolving Credit Solutions course is ideal for young professionals, entrepreneurs, homeowners, and others who are haunted by a low credit score and want to raise it. What makes this course unique is that we will focus on building your FICO score by taking you through a four-step step algorithm. This algorithm uses revolving credit and credit utilization enhancement techniques for immediate results. 

 

 

CREDIT REVOLVING SOLUTION
 

MODULE 01 – ESTABLISHING THE OBJECTIVES FOR ACQUIRING A HIGHER FICO SCORE

Lesson 1: What Is a Credit Score?

Lesson 2: Types of Credit Scores

Lesson 3: How Credit Scores Are Calculated

Lesson 4: FIFO Score – Introduction

Lesson 5: Credit Score Ranges

Lesson 6: How to Acquire a Higher FICO Score

MODULE 02: REGISTERING FOR A 3-IN-1 CREDIT SERVICE

Lesson 1: What is a credit reporting company?

Lesson 2: What data do the credit bureaus include in your credit reports?

Lesson 3: How is your credit reports used?

Lesson 4: How do credit bureaus get your information?

Lesson 5: Why are your credit reports and scores different from bureau to bureau?

Lesson 6: How to dispute inaccurate information on your reports

Lesson 7: Top Credit Reporting Platforms that you can consider

MODULE 03:  GETTING STARTED WITH REVOLVING CREDIT

Lesson 1: What is a Credit Utilization Rate?

Lesson 2: What Does Credit Mix Mean?

Lesson 3: What Are the Different Types of Credit?

Lesson 4: How Does Revolving Credit Work?

Lesson 5: How an Installment Credit Works?

Lesson 6: How is Revolving Credit Different from Installment?

Lesson 7: Several Credit Cards For Rebuilding FICO Score

MODULE 04:  UTILIZING THE FICO SCORE ALGORITHM

Lesson 1: How Are FICO Scores Calculated?

Lesson 2: Vantage Score Model

Lesson 3: Other Credit Scoring Models

Lesson 4: Industry-Specific Credit Scores

Lesson 5: Scoring Models Keep Secrets

Lesson 6: Credit Scoring Model Practice Changes

Lesson 7: Benefits of Credit Scoring Models

MODULE 05: GAINING YOUR FIRST INCREASE OF POINTS

Lesson 1: What Is Credit Utilization (Revolving Utilization)?

Lesson 2: How Do You Calculate Your Credit Utilization?

Lesson 3: How Does Credit Utilization Affect Credit Scores?

MODULE 06:  REVOLVING CREDIT SCORE SHOULD HAVE CHANGED 120-160 POINTS AND UP

Lesson 1: What’s the Best Credit Utilization Percentage?

Lesson 2: Do I Need to Maintain Low Utilization Every Billing Cycle?

Lesson 3: Do Business Cards Count Toward Credit Utilization?

Lesson 4: Is It Better to Split a Balance Among Several Cards?

Lesson 5: How can you lower your credit utilization ratio?

MODULE 07:  FILING COLLECTIONS AND OTHER CREDIT DISPUTES

Lesson 1: What Is a Collection Account?

Lesson 2: When Should I Dispute a Collection Account?

Lesson 3: How to Deal with Accounts in Collections

Lesson 4: How Can Collections Affect Your Credit, Your Life and Your Employment Prospects?

Lesson 5: Ways to Remove Collections from Credit Report

CONCLUDING REMARKS
 

LEARNING OUTCOMES

Upon successful completion of this course, learners will be able to learn about-

  1. Acquiring a higher fico score
  2. Credit Score
  3. Types of Credit Scores
  4. How Credit Scores Are Calculated
  5. FIFO Score
  6. Credit Score Ranges
  7. How to Acquire a Higher FICO Score
  8. Registering for a 3-in-1 credit service
  9. What is a credit reporting company
  10. What data do the credit bureaus include in your credit reports
  11. How is your credit reports used
  12. How do credit bureaus get your information
  13. How to dispute inaccurate information on your reports
  14. Top Credit Reporting Platforms that you can consider
  15. Getting started with revolving credit
  16. Credit Utilization Rate
  17. Credit Mix Mean
  18. Different Types of Credit
  19. How Does Revolving Credit Work
  20. How an Installment Credit Works
  21. How is Revolving Credit Different from Installment
  22. Several Credit Cards For Rebuilding FICO Score
  23. FICO score algorithm
  24. How Are FICO Scores Calculated
  25. Vantage Score Model
  26. Other Credit Scoring Models
  27. Industry-Specific Credit Scores
  28. Scoring Models Keep Secrets
  29. Benefits of Credit Scoring Models
  30. Gaining your first increase of points
  31. Credit Utilization
  32. How Do You Calculate Your Credit Utilization
  33. How Does Credit Utilization Affect Credit Scores
  34. Revolving credit score
  35. Best Credit Utilization Percentage
  36. How to split a Balance Among Several Cards
  37. How can you lower your credit utilization ratio
  38. Filing collections and other credit disputes
  39. Collection Account
  40. How to Deal with Accounts in Collections
  41. How Can Collections Affect Your Credit, Your Life and Your Employment Prospects
  42. Ways to Remove Collections from Credit Report

 

Course Timeline:
You're asking someone to trust you to pay your bills on time, whether you're borrowing money, opening a utility account, or renting an apartment. Lenders and landlords, on the other hand, can't contact each of your credit card issuers since sophomore year and ask if you're a decent money manager. They are going to check your credit report.
Firms that generate and sell credit reports are known as credit reporting companies, credit bureaus, or consumer reporting organizations.
Your credit usage rate, also known as your credit utilization ratio, is the amount of revolving credit you're now using divided by the total amount of revolving credit you have available. To put it another way, it's the amount you owe today divided by the amount you have available on your credit card. It's usually expressed as a percentage.
There are five elements that largely impact a "traditional" FICO score that contribute to define your credit score,
The ratio between your entire credit card balance and your total credit limit is known as credit usage. Assume you have two credit cards, each with a $5,000 credit limit, for a total credit limit of $10,000.
You may have heard that keeping your credit usage "sub 30%" is a good idea. And, while that counsel is sound, it isn't without flaws.
When you take out a loan, a credit card, or any other type of credit, you normally commit to pay your bill on time.

Course Reviews:

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  • By: nhan tran
    1 year ago

    Excellent course!!!

  • By: Janae Johnson
    1 year ago

    Awesome course!

  • By: Jane Johnson
    11 months ago

    Great course. It helped me learn how to get my FICO score up to 140 pts quickly.

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