12 Questions
What is the highest possible FICO credit score?
850
Which factor accounts for the largest portion of your FICO credit score?
Payment history
If your credit score is below 700, what is the likely consequence?
You will pay more for a loan
How often should you obtain a copy of your credit report?
Once a year
Which of the following is NOT a recommended credit card tip?
Keep balances high on credit cards
What percentage of your FICO credit score is based on new credit and the number of times you ask for credit?
10%
Which of the following is NOT a factor that determines your FICO credit score?
Type of employment
What is the recommended frequency to obtain a copy of your credit report?
Once a year
Which part of your credit history has the second-largest impact on your FICO credit score?
Amount owed
What is the range for FICO credit scores?
300 - 850
Which action can negatively impact your credit score?
Holding too many unused credit cards
Test your knowledge about credit scores, borrowing potential, and how they impact your financial decisions. Learn about the factors that determine credit scores and how they affect your ability to get loans at favorable rates.
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