FICO Score - What is Considered a Good FICO Score? - Factoring Companies- Blog: News & Articles - Low Rates | Fast Turn Around

Having control of your business is one of the keys to success:

FACTOR KING^® gives you the ability to determine those customers you would like factored and which invoices you want funded. The option is always yours, your decision- your way.

Receive cash now for your Accounts Receivable Invoices.

Get the cash you need to ensure steady working capital:

When working with FACTOR KING^®, you will have the cash to expand your business to the next level. FACTOR KING^® remains on call 24/7 to provide you with the fastest possible form of funding.

Turn your invoices into cash with Factoring

Pay creditors on time eliminating unnecessary stress:

Knowing you will receive funds from FACTOR KING^® allows you to balance your financial obligations. Spend your time growing your business. Concentrate on building not juggling.

Lower your risk by utilizing a National Factoring Company.

Non-Recourse on all transactions:

FACTOR KING^® reduces the liability your business takes by lowering bad debt risks. Our world class credit department works along side you to help you establish client credit limits and terms.

Choose a Factoring Company that has an automated system.

Cutting edge technology:

With FACTOR KING'S automated online system you have the ability to manage accounts & submit invoices 24/7. Our online system has been built from the ground up to allow you continuous access.

Factoring Company with professional support.

Ongoing assistance with managing receivables:

All FACTOR KING^® clients receive personal and professional support on analyzing customer accounts. By utilizing proprietary algorithms that have been developed in house FACTOR KING^® gives you the solutions necessary to succeed in today's environment.

No hidden fees from this Factoring Company.

No hidden fees and no surprises:

Unlike competitors, FACTOR KING^® guarantees the no extra charge concept. What you see is what you get. Finally a factor that understands that your financial health is key to our success.

a Factoring Company that works with you.

Working as a team to obtain financial achievements:

Working with FACTOR KING^® gives you a partner who will share your accomplishments without the burden of meeting monthly factoring minimums and long term contracts.

Partner with FACTOR KING^® a trusted provider:

FACTOR KING^® specializes in purchasing invoice receivables. Concentrating our efforts enables us to be recognized as a top ranked industry leader. Partner with FACTOR KING^® today, your first step to financial success.

Knowing where your receivables stand:

FACTOR KING^® gives you access to key financial reports 24/ 7 enabling you to concentrate on your business. Information is power and FACTOR KING^® always delivers with our world class A/R reporting platform. Call a FACTOR KING^® specialist today for a free demonstration.

Strategy:
Maintain complete control.

Growth:
Obtain positive cash flow.

Stability:
Be financially sound.

Risk:
Decrease your exposure.

Efficient:
Maximize your time.

Solutions:
Examine your business.

Value:
Knowing the cost of business.

Satisfaction:
Successful business.

Trust:
Industry leader.

Knowledge:
24/7 reporting.

Quick Contact Form

You have questions? We have Answers!
Chat with a live representative; Call toll free: 888-919-7770; fill out our Apply Now form or fill out our Quick Contact Form below:

Company:

First Name:

Last Name:

Email:

Phone:

State:

Message:

Please answer the following question to help us prevent spam from getting sent to our inbox:

5 + 5 =

Monday

Oct192009

FICO Score - What is Considered a Good FICO Score?

Monday, October 19, 2009

What does your FICO score mean? FICO stands for Fair Isaac Corporation and is an evaluation of the risk that you will go late on a credit obligation. The scoring system is based on extensive research of payment habits and patterns. As with any system that evaluates potential risk, it is not 100 percent accurate nor is it 100 percent fair. However it is correct more often than not.

Fair Isaac Corporation issues FICO scores. However, the score is synonymous with credit score. Recently each of the credit bureaus (Experian, Equifax, and Transunion) joined together to create a new scoring system called VantageScore as an alternative to the FICO score.

FICO scores are typically between 300 and 800. Those with a score above 700 have a very low probability of late payments happening, on the other hand those with scores below 500 have an extremely good chance of late payments occurring. If you have a high FICO score creditors such as banks, credit card companies and mortgage lenders will offer you a lower rate because they view you as a low risk of default. On the other hand, if you have a low credit score, your rates will be much higher and your applications will be scrutinized more often.

FICO scores are most affected by late payments on mortgages than late payments on credit cards. If you show that you cannot be financially responsible to pay for your house then you may not be financially responsible to pay for your other bills.

In closing, FICO is short for the Fair Isaac Corporation. The score is a calculation of risk that helps creditors and lenders determine the likelihood that the debt will be repaid. The three major national credit companies use the FICO score. A good score is over 700.

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.

Source: FICO Score - What is Considered a Good FICO Score?

by Randy Morgan

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

Post a New Comment

Enter your information below to add a new comment.

My response is on my own website »

Author:

Author Email (optional):

Author URL (optional):

Post:

↓ | ↑

Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>