Does this FICO Score make me look fat?

THE ANDROMEDA EFFECT

I’ve heard it and I know you have, beautiful people always seem to get a break.

I want to believe the opposite is true, but sadly ugly people get some perks taken away just for being, well, ugly.

THE SKINNY (WITHOUT GAMEPLAY)

EVERY experience I have had during a traffic stop, no matter my disposition, is tense and they approach me as if the stop sign or turn signal I missed meant something personal to the officer.

My omission is followed by a ticketing-to-warning ratio of many to none. Even after the ticket is issued, they order me again: “Look how you drive, do you hear me?”

My girlfriend, on the other hand, fits the Andromeda mold.

It seems immune to the ills of the fined masses.

In fact, these “confrontations” become more of a social delay and result in the officer giving out helpful tidbits and a warning that he almost seems to care more about your safety than the careless habits of other drivers.

Why score matters

If you want to join the ranks of the ugly faceless masses, try having a low FICO score.

It really only takes a slightly stained and unkempt sheet music to feel the pain of financial rejection.

Like the kind of score that comes from not caring much about the facts, turning a blind eye, all while still paying the bills.

Actually. I’m not kidding you.

You’ll miss out on a ton of unseen perks and your own hard-earned money. They won’t even have the nerve or decency to say it to your face.

From credit approvals to rates to overpaying for just about everything, a low credit score keeps you down financially like nothing else.

The same product will cost you more. Period.

For example, $20,000 because it will cost you $21,248.95 at 48 months and 4 percent.

The same at 12%? $25,280. That’s a $4,000 difference on the same $20,000 car, all because your credit is in trouble.

For a house? He gets downright playful. A house of 200,000, financed for 30 years.

Nice FICO: 3% interest, pay 103,554.90 interest only.

Ugly FICO: 6% interest (good luck even with that), pays 231,676.38 in interest only.

That’s 128,000 more in interest!

Same house, same time. ugly credit. Pay twice the interest.

Again, this doesn’t even look really ugly, or even an ugly type of credit either.

You are looking at a slightly stained credit. If that doesn’t scare you, it should.

You can extend this scenario to everything purchased on credit. That should surprise you… even more than looking in the mirror every morning.

With a moderate interest credit card, say 15%, making the minimum payment, you can expect your original balance to DOUBLE in as little as 3 to 5 years. Keep reading?

The good news, your FICO can be sexy… and they said you can’t fix ugly!

NOW, THE IMPORTANT

WHAT DO THE NUMBERS MEAN?

800+

ExceptionalLess than 1% of people in this range are likely to be seriously delinquent in the future.

these people are WELL ABOVE the average US consumer score, and will experience easy access to credit and RECEIVE THE BEST RATES from lenders.

740-799

Very goodabout less than 2% of people in this range are likely to have serious delinquencies in the future.

these people are ABOVE the average US consumer score, and will experience relatively easy access to credit, and YOU CAN QUALIFY FOR BETTER Lenders FEES.

670-739

Goodabout 8% of people in this range are likely to be seriously delinquent in the future.

These individuals represent the MEDIUM score of US consumers, will experience decent access to credit, and are considered “ACCEPTABLE BORROWERS” by lenders.

580-669

Fairbarely 27% of people in this range are likely to be seriously delinquent in future payments.

These people are BELOW the average American consumer score. They are considered SUBPRIME borrowers and obtaining credit can be HARD. If these borrowers are approved for a loan, IT WILL BE AT A MUCH HIGHER RATE.

579 and below

POOR, approximately 61% of people in this range are likely to be seriously delinquent in future payments.

This is considered bad credit. Most credit applications will be DENIED. If you are approved for a credit card, it will likely require a FEE and/or DEPOSIT. Such a low score is usually the result of bankruptcy or other major credit problems.

WHAT AFFECTS YOUR SCORE?

35% – Payment history

30% – Amounts owed to credit and debt

15% – Length of credit history (Don’t close old accounts!)

10% – New credit (Do not open new accounts!)

10% – Types of Credit Used.

WHAT DOES NOT AFFECT YOUR SCORE?

Income, length of employment, alimony or child support payments.

WHATS NEXT?

It’s time to check your credit score, make sure it’s accurate, find out how your financial picture is affecting your score, and most importantly, IMPROVE IT. 85% of reports contain errors.

Make sure you’re monitoring your credit score and reporting with at least as much concern as you are your weight, and then you’ll really be looking for number one.

The only thing left after doing that is to prepare for all the hissing, you sexy beast.