Credit Education and Finance Guidance

There is no golden rule or short-cut formula to establish your credit-worthiness overnight. The foundation for a trustworthy credit history lies within transparent, responsible, and consistent financial habits. Simple hacks like paying on-time, borrowing what you can afford, not exceeding credit limits showcase patterns of stability, and builds your credit score over time for future benefits.

Roundleaf’s credit education programs help you cut through the vast minefield of finance jargon, teach in-depth financial planning and effectively improve credit scores. Our guidance has helped hundreds of individuals to achieve 700+ credit scores.

Feature on the Top-Half of the FICO® Scale

A good credit score is like a golden ticket to the country’s best credit accounts, great rates & perks, and most favorable payoff terms. While there are many Credit Rating Agencies (CRAs) that provide their own scores, Fair Isaac’s FICO® Scores is the most accepted standard in the US. And that is where we excel!

What Is a Great FICO® Score?

How Lenders Read the FICO® Scale:

  • Exceptional (850-800): Lenders’ blue-chip candidates. They get first preference on the list of applicants, the best features, and rates on credit accounts.
  • Very Good (799-740): Still great candidates, they receive better than average rates from most lenders.
  • Good (739-670): Only 8% of these applicants are likely to become delinquent. Lenders are cautious but rarely reject applicants based on the score alone.
  • Fair (669-580): Considered as subprime borrowers, trust for these candidates vary from lender to lender. Credit applications are accepted after scrutiny.
  • Very Poor (579-300): Bottom of the barrel candidates. Lenders generally demand security deposit to accept applicants from this score range. Lower-end of the range is virtually non-existent to them.

What Roundleaf Teaches You:

Credit Education Program Consumer Education Program Professional Education Program
Ideal for people with the real need for credit assistance, this program focuses solely on rebuilding your credit. The risk-free course makes you adept in key steps of credit recovery. Designed for the ardent consumer. The program’s primary goal is to educate end-users with comprehensive financial knowledge and develop good financial habits on the way to profitability. Our program for financial recovery advisors is packed with effective industry-specific strategies. It enhances your capacity to serve larger groups and maximize recovery impact from diverse financial assets.

Learn What’s Affecting Your Credit Score

Your credit score is calculated through several equations, constituting of five main variables from your credit report. Payment history is most important, followed by credit utilization, current investment portfolio, and hard inquiries connected to your new credited accounts. Bankruptcy, foreclosure, and other public domain knowledge can also make or break your credit score.

Credit Score Evaluation (with weightage):

  • Credit Payment History (35%):Historical data on past debt repayments are scrutinized by rating agencies to analyze your sense of responsibility to pay debts on time.
  • Debt-to-Credit Utilization (30%): The ratio percentage between the debt you accumulate vs. the total credit limit on credit accounts give a picture of your affordability. Ratios beyond 30% can work against you.
  • Good (739-670): Only 8% of these applicants are likely to become delinquent. Lenders are cautious but rarely reject applicants based on the score alone.
  • Credit History Length (15%):Longer credit histories mean steady relationships with lenders. Also, this gives credit agencies a better sampling for your payments. Ideally, a minimum of six months is needed to establish credit and get a credit score.
  • Credit Portfolio Mix (10%):A balanced and diversified portfolio shows prowess in financial knowledge. Having different types of credit accounts like store credit cards, personal loans, secured credit cards can boost your credit scores.
  • New Credit Accounts (10%): Credit lines opened recently gives the current picture of your financial stability. It also confirms patterns from your credit history. More the accounts, the higher the debt-to-credit ratio. This can have a negative impact on your credit score. Also, hard inquiries and rejections show in your credit report.

Grow & Qualify for Better Financing, with Roundleaf

We believe in empowering through knowledge and education. Our model of trust gives you ownership over your financial situation and enables you to make informed financial decisions. After attending our programs, you will be able to:

  • Make educated choices to build and maintain excellent credit.
  • Use simple payment techniques to increase your credit score.
  • Understand the FICO® credit system and manage credit effectively.
  • Be knowledgeable about today’s best practices and policies on improving credit.

Start Rebuilding Your Credit with Us!

Know which of our credit and financial programs suit you best. Place your specific queries here.

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