Breakdown of how credit works, and how to improve credit scores over time.

2. CREDIT SCORE! What Does it Mean?

4. CREDIT SCORE! Consumer Default: What are the Odds?

5. Score Odds Above 800 1485 to 1 720 to 799 649 to 1 680 to 719 112 to 1 620 to 679 47 to 1 Below 620 15 to 1

6. Compare 30 yr fixed rates on a $500,000 home $1,066,352 4350.95 9.9% 500-599 $871,305 3809.19 8.4% 560-619 $770,937 3530.37 7.6% 620-679 $637,722 3160.34 6.5% 680-699 $567,647 2965.68 5.9% 700-719 $499,549 2776.52 5.3% 720-850 Interest Paid Monthly Payment APR Rate FICO Score

7. $0 $ 2,476,911 10% return on savings compounded total in 30 yrs. 0 $428,630 Interest Saved over 30 Years 0 $14,288 Yearly Savings 595 681 Credit Score Equal Equal Salary LARRY SAM

9. 1. Past Delinquencies… 35% of Credit Score

12. 2. Revolving Debt Ratio 30% of Credit Score

16. 3. Average Age of Credit File… 15% of Credit Score

18. 4. The Mix of Credit … 10% of Credit Score

20. 5. Inquiries … 10% of Credit Score