Podcast
Questions and Answers
What is the highest possible FICO credit score?
What is the highest possible FICO credit score?
- 800
- 950
- 850 (correct)
- 900
Which factor accounts for the largest portion of your FICO credit score?
Which factor accounts for the largest portion of your FICO credit score?
- Payment history (correct)
- Amount owed
- Credit mix
- Length of credit history
If your credit score is below 700, what is the likely consequence?
If your credit score is below 700, what is the likely consequence?
- You will be considered a great borrower
- Your credit history will be erased
- You will be denied credit
- You will pay more for a loan (correct)
How often should you obtain a copy of your credit report?
How often should you obtain a copy of your credit report?
Which of the following is NOT a recommended credit card tip?
Which of the following is NOT a recommended credit card tip?
Where should you go to request a free credit report?
Where should you go to request a free credit report?
What percentage of your FICO credit score is based on new credit and the number of times you ask for credit?
What percentage of your FICO credit score is based on new credit and the number of times you ask for credit?
Which of the following is NOT a factor that determines your FICO credit score?
Which of the following is NOT a factor that determines your FICO credit score?
What is the recommended frequency to obtain a copy of your credit report?
What is the recommended frequency to obtain a copy of your credit report?
Which part of your credit history has the second-largest impact on your FICO credit score?
Which part of your credit history has the second-largest impact on your FICO credit score?
What is the range for FICO credit scores?
What is the range for FICO credit scores?
Which action can negatively impact your credit score?
Which action can negatively impact your credit score?
