one is the fico score, and one is the vantage score.enerally these two scores are going to score your credit between 300 and up to 850, and the higher your number, the less risk to credit card companies, landlords, utilities, anyone else you're doing business with. consumers with excellent credit scores, usually around 760 or higher, are given the lowest interest rates, the highest credit limits, the lowest premiums on insurance policies. but if your score is lower, as everyone out there watching probably knows, it can quickly turn into a financial nightmare, not just for you, but also for your family. in 2016 experian, one of the three national credit reporting agencies reported in their seventh annual state of credit report, that the nation's average credit score was 673, and that's based on the vantage score 3.0 model, very common, that rates credit between 300 and 850. - so a majority of americans are paying through the nose for credit. - through the nose, larry, millions of dollars more than they would if they had a higher score. a

. >> how do you get more lending and housing for those lower fico core people? >> that's a great question. i have been beg our government for years that because of service and costs -- there are 3,000 requirements to service a mort gaining it's hugely costly and risky to the servicer. it costs more money to produce loans. a lot of lenders make loans to lower income, self-employed prior defaults. we have so many people involved in the housing policy. they have got to get in a room and finish that. if they do that the cost of mort gainings will go down for everybody. jp more fans economy estimated if we had don't right thing, not going to subpipe, just opening up the requirements we might have been doing a half trimore a year. a year. that alone is .2% growth a year. that's one of the first things the administration can do to help immediately. make mort gainings more accessible and cheaper for everybody. >> announcer: jamie dimon hasn't always been the president's biggest advocate. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪go your own

maria: so how do you get more lending in housing for those lower fico score people?> that's a great question. i've been begging our government for years that we because of servicing costs, you know there are 3000 when we send you a bill for a mortgage now in certain states 3000 requirements to service that mortgage, hugely costly and risky to the servicer and in addition to that it costs more money to produce loans and so much litigation around it a lot of lenders have been much more elected to make loans precisely to the lower income, lower fico, self-employed prior defaults and that would be fixed very quickly, so i'm hoping and the other thing we have so many people involved in the housing policy. i think there's seven regulars that set these policies they've got to get in a room and finish that. if they do that the cost of a mortgage will go down for americans and make it not only the cost but it will go down for everybody but also open a whole segment in fact jpmorgan economy estimates had we done the right thing not going back to subprime just opening up these

se semi fico animplificando con pr insÓlitos.u celular. estos lentes vamos a verlo que son interactivos que estÁn reemplazando tu celular. son capaces de hacer todo, karlita. tiene la informaciÓn que tÚ tienes en tu computadora en tu celular. desde llamar por telÉfono. enviar mensajes de textos. meterte en tus redes sociales. karla: por dentro es como una pantalla de computadora. vas a verlo en los lentes y tambiÉn vas a poder tomar fotos con solo apretar el botÓn en la mano derecha del diseÑo. puedes hasta escribir a las redes sociales y inmediatamente de manera automÁtica subir toda la informaciÓn a tus redes sociales. a veces estas corriendo y te llega una llamada telefÓnica y no quieres dejar de hacer tu ejercicio. atiendes tu llamada y el mapa del gps, todo junto. karla: hay una cosa que me preocupa. las ondas celulares. dicen que tienes que mantener lejos los aparatos del oÍdo o de la cabeza en general. andrea: puede ser, pero todo lo toman en cuenta. el 2018 es algo que va a innovar en estos producto y me imagino que tiene

economy is healthy, somehow may end up -- >> how do you get more lending in housing for those lower ficogreat question i have been begging our government for years that we because of servicing costs, 3,000 we are sending a bill -- certain states 3,000 requirements to service that mortgage hugely costly risky in addition comforts more to produce loans, so much litigation around it that a lot of lenders much more reticent to make loans precisely to lower income prior did she faulties could be fixed quickly so many in how big policy of they got to get in the room finish that, if they do that,, the cost of mortgage going down for americans not only -- go down for everybody segment had we done the right thing not going back to subprime just opening up the -- these requirements a little bit, we might have been doing half a trillion dollars more a year, a year. and that lone is .2% growth a year one of the first things that the administration can do, to help immediately, make mortgages more accessible and cheaper for everybody, there is no risk to it. okay, everything since great recession pris