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2. FCC warns of 50-state scam by fraudsters posing as mortgage ...

   www.aol.com/fcc-warns-50-state-scam-221235739.html

   Green Mirage scammers have impersonated more than 400 mortgage institutions and caused hundreds of thousands of dollars of losses to deceived homeowners, many of whom only learn of the fraud when ...

3. The credit score system is a scam, but there are ways ... - AOL

   www.aol.com/credit-score-system-scam-ways...

   In 1989, FICO got together with major banks to create a credit scoring system that could be used for all consumers, and that system became the standard in the 1990s when mortgage lenders Fannie ...

4. How to buy a house with bad credit - AOL

   www.aol.com/finance/buy-house-bad-credit...

   The Federal Housing Administration (FHA) insures FHA loans, which allows mortgage lenders to accept a credit score as low as 580 with a 3.5 percent down payment, or 500 with a 10 percent down payment.

5. Criticism of credit scoring systems in the United States

   en.wikipedia.org/wiki/Criticism_of_credit...

   Since credit scores aim to classify people, other markets have expanded its applicability for use as a screening or assessment tool. [10] Credit is no longer used just for financial products such as mortgage loans, but is increasingly being applied cross-institutionally for other services such as: car insurance [22] health insurance [15]

6. Credit score in the United States - Wikipedia

   en.wikipedia.org/wiki/Credit_score_in_the_United...

   The average FICO Score 8 in the US was 710 in 2020 and 716 in April 2021. [18] The FICO bankcard score, FICO auto score, FICO personal finance score, and FICO installment loan score are between 250 and 900. The FICO Mortgage Score and FICO Score XD 2 are between 300 and 850. [19] [20] Higher scores indicate lower credit risk. [21]

7. How your mortgage affects your credit score - AOL

   www.aol.com/finance/mortgage-affects-credit...

   Key takeaways. Getting a mortgage can cause a temporary dip in your credit score. But consistent, on-time mortgage payments will cause your credit score to rebound, and even improve over time.