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June 17, 2013 by Mint.com 0 Comments payday loans angus on Some lenders may consider your application, thus one needs to identify the right financial providers willing to offer one a loan even with a poor credit score. This may involve researching on various loan lending organizations. The FICO score is calculated based on a number of factors, and then weighted against the degree that each factor poses to the creditworthiness of an individual. The weight of the the factors typically breaks down to 35% punctuality of past payments, 30% amount of debt as compared in a ratio to current debt versus total available revolving credit, 15% length of credit history, 10% type of credit used, and 10% recent credit inquiries or credit obtained recently.
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