The Truth About What Is Not Factored Into Your FICO Credit Score

Posted by admin

December 22, 2007

Many people who are interested in repairing or maintaining their FICO credit scores are concerned about every piece of mail that arrives at their doorstep. The reality is, however, that many factors are not considered when your credit score is determined. Next time, before you worry, be sure to check if your concern is even calculated into your FICO credit rating.

A FICO credit score does not factor in any of the following information:

Age
Race
Religion
National Origin
Gender
Marital Status
Salary
Occupation
Title
Employer
Employment Start Date
Employment History
Residence Location
Interest Rates From Existing Accounts
Child/Family Support Obligations
Rental Agreements
Promotional Inquiries
Credit Counseling Participation

Remember, a lender may or may not consider some of these factors on a case-by-case basis, but your FICO credit score will not be affected by the factors above. For people with less than stable employment history, child support issues, or low salaries, it may be beneficial to utilize automated approval systems, which may focus on credit score alone, as opposed to some or all of the additional components (such as those above), that a human credit evaluation specialist may look into.

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