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“did you know this about the amounts owed on debts?”

Did you know that 30% of your FICO Score is based on amounts owed?

Amounts Owed refers to how much debt you carry in total and is an important factor of your FICO Score. FICO research has found that your level of debt is predictive of future credit performance because the amount owed typically impacts your ability to pay all monthly credit obligations on time.

Learn more here:

Understanding your FICO Score doesn’t have to be a mystery. To learn more, visit: scoreabetterfuture.com.

I am an official brand ambassador for FICO. While I receive compensation for my participation as a brand ambassador, opinions are mine.

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About

The Finance Bar is a personal finance suite helping women and couples achieve financial wellness through financial therapy, education, and an innovative learning hub on wheels. Creator Marsha Barnes is Certified in Financial Therapy, Financial Social Work, and serves as an Official FICO Brand Ambassador, and was named GOBankingRates’ Best Money Expert in the Net-Worth Category.

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