Comments on: Estimating your own FICO Score http://www.getrichslick.com/estimating-your-own-fico-score/55/ Getting Rich Slick® has never been so easy... Sat, 28 Jan 2012 05:13:05 +0000 hourly 1 http://wordpress.org/?v=abc By: Harp http://www.getrichslick.com/estimating-your-own-fico-score/55/comment-page-1/#comment-38 Harp Tue, 05 Sep 2006 12:18:57 +0000 http://www.getrichslick.com/2006/08/27/estimating-your-own-fico-score/#comment-38 For cards with no limit, the limit is considered the most you've ever charged on it as reported by the issuer. So if the biggest monthly statement you've ever had was 2K, then that's what FICO considers the limit to be. As for savings, I agree. Supposedly there is another "semi-secret" score that is meant to guage your chances of declaring bankruptcy but not sure how that works (and I think it's mostly used for mortgages). Income level though I don't think should be factored in, unless that income is guaranteed. Most of the population can lose their job at any time, yet still have to make debt-service payments. For cards with no limit, the limit is considered the most you’ve ever charged on it as reported by the issuer. So if the biggest monthly statement you’ve ever had was 2K, then that’s what FICO considers the limit to be.

As for savings, I agree. Supposedly there is another “semi-secret” score that is meant to guage your chances of declaring bankruptcy but not sure how that works (and I think it’s mostly used for mortgages). Income level though I don’t think should be factored in, unless that income is guaranteed. Most of the population can lose their job at any time, yet still have to make debt-service payments.

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