{"id":8224,"date":"2016-07-16T17:04:18","date_gmt":"2016-07-16T21:04:18","guid":{"rendered":"https:\/\/www.duck9.com\/?p=8224"},"modified":"2016-07-16T17:06:54","modified_gmt":"2016-07-16T21:06:54","slug":"breakdown-of-fico-components-at-life-inflection-points","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/breakdown-of-fico-components-at-life-inflection-points\/","title":{"rendered":"Breakdown of FICO Components at Life Inflection Points"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
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As a rule of thumb, life has basic inflection points. Graduation from high school.<\/div>\n
Establishment as an adult ~22. <\/div>\n
Semi-maturity at 24-30. <\/div>\n
<\/div>\n
This post will explain via pictures the breakdown of FICO. Traditional media has conveyed “it’s one pie chart for all ages at all stages of life”.  This is not correct. <\/div>\n
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\"image1.JPG\"<\/p>\n\n\n\n\n
<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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7\/16\/16, 1:17 PM<\/a><\/div>\n
FICO percentages 100%, then 25% and upon maturity… 10% Subj *new credit* for 18-22 year olds starting #vigins<\/a> pic.twitter.com\/oajUJX6mXh<\/span><\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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inflection points<\/b>. <\/span><\/div>\n

<\/span><\/div>\n
Graduation from high school<\/i>: At 18 years old, you’re able to enter into contract and your social security number stands alone. This is what your FICO score looks like as a percentage breakdown. <\/span><\/div>\n
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100% NEW CREDIT<\/span><\/div>\n

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A hard inquiry that results in a credit rejection establishes your zero for 1 (0 for 1). In baseball parlance, you’re batting .000. So 100% NEW CREDIT is zero. <\/span><\/div>\n

<\/span><\/div>\n
inflection point:<\/b><\/div>\n
Establishment as an adult ~22 years old<\/i>. <\/span><\/div>\n
\"image3.JPG\"
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25% new credit. <\/span><\/div>\n

<\/span><\/div>\n
** inflection point **<\/b><\/div>\n

Semi-maturity at 24-30<\/i>. <\/span><\/div>\n

\"image4.JPG\"
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10% NEW CREDIT<\/div>\n
<\/div>\n
Solution: build your FICO and startup your credit score without a hard inquiry. Start by getting approved for credit with a “consumer inquiry<\/b><\/i>” by walking into a bank with your three credit reports. <\/div>\n
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This site is targeted at future college grads and young professionals. It contains user contributed content, and material that may be confusing to a lay audience.<\/span><\/div>\n

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By Larry Chiang As a rule of thumb, life has basic inflection points. Graduation from high school. Establishment as an adult ~22.  Semi-maturity at 24-30.  This post will explain via pictures the breakdown of FICO. Traditional media has conveyed “it’s one pie chart for all ages at all stages of life”.  This is not correct.  […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8224","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/8224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=8224"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/8224\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=8224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=8224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=8224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}