1091: Ask Farnoosh: Answering All Things Credit with FICO

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 4 September 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

We are focusing on all-things credit today, thanks to our friends at FICO. Earlier, I asked you to submit your top credit-related questions and we've rounded up many of them for this episode. From how to boost your credit score to confusion around how credit scores get calculated and how marriage can impact your credit...we have all the answers! Joining me to help tackle your questions is Joanne Gaskin, the Vice President of Scores and Analytics at FICO. She is responsible for the strategic direction of FICO’s scoring products and business partnerships serving the needs of the mortgage industry and led the FICO Mortgage Recovery Initiative launched in 2009. Joanne has more than 20 years of experience in banking and financial services. She led efforts to address some of the most important topics impacting the mortgage market today: regulatory compliance, credit risk management, data security and e-mortgages. She is a graduate of the Mortgage School of Banking, earning the Accredited Mortgage Professional Designation. More about FICO: Founded in 1956, FICO is a data analytics company based in San Jose, California focused on credit scoring services. Its FICO Score, a measure of consumer credit risk, has become a fixture of consumer lending in the United States and is used in more than 90% of lending decisions today. Now more than ever, FICO believes in empowering communities by way of financial education and is committed to providing consumers with tools to maintain their financial health. Check your score: You can check your FICO Score via www.myfico.com, or www.experian.com, www.equifax.com. Additionally, many financial institutions provide consumers with free access to their FICO Score through the FICO Score Open Access program. Check your free credit report: www.annualcreditreport.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 1091, Ask Farnush, all things credit brought to you by FICO.
0:07.0	You're listening to So Money, with award-winning Money Guru Farnush Karabi.
0:12.0	Each day get a 30 minute dose of financial
0:14.6	inspiration from the world's top business minds, authors, influencers, and from Farnuus
0:19.8	yourself. Looking for ways to save on gas or double your double coupons sorry you're
0:26.2	in the wrong place seeking profound ways to live a richer happier life welcome
0:31.1	to so money. Welcome to So Money, everybody.
0:35.0	How are you?
0:37.0	September 4th, 2020 families who are sending their kids back to school.
0:42.0	Good luck. Good luck with everything. I hope whether you're
0:45.7	going into school, virtual, hybrid, that everybody is in a good place relatively.
0:54.0	I have some good news that are so money equity scholarship.
0:58.0	The scholarships have been awarded.
0:59.7	This week we announced that we had more than the initial $2,500 that I set aside.
1:05.8	We ended up having over $7,000, can you believe it, in contributions from the community,
1:11.8	some people donating, you know, everywhere from $50 to
1:16.4	thousands of dollars in an effort to help families ride out this fall school
1:22.4	year with more ease, whether that means hiring
1:25.0	tutors, getting some equipment, technology, child care. We were able to give out two full
1:31.0	scholarships, each worth $2,500 to single mothers, one on each coast,
1:37.0	a mother in the Bronx and a mother in California, Northern California.
1:41.6	And we were also able to award multiple laptops to families
	...

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