Balance score card - Study guides, Study notes & Summaries

UGBA 135 MTMost important factor determining credit score - correct answer Payment history Highest credit score you can get? - correct answer 850 Best time to establish good credit? - correct answer When you don't need it Debt to credit ratio? - correct answer A credit-to-debt ratio is the amount of available credit you have relative to the amount of debt you carry. Expected credit card theft, whats the first thing you do? - correct answer contact the credit card issuer or bank imme...

UGBA 196- Midterm FICO Score (Definition) - correct answer Mathematical Number used by lenders to determine if you're a good or bad credit risk Debt-to-Credit Ratio - correct answer Total balance of your credit cards and other loans compared to your total credit limit Add up all your debt/credit ratios What percent do you want your debt-to-credit ratio to be? - correct answer 30%-33% Highest possible FICO Score? - correct answer 850 (delinquency rate of 1%) What's the best way...

What two factors count for 65% of your FICO score? a) Income and payment history b) Employment history and outstanding debts c) Payment history and outstanding debts d) Income and outstanding debts - Answer-c) Payment history and outstanding debts Which company has developed the MOST commonly used credit score to evaluate an individual's credit? a) Experian b) Transunion c) Fair Isaac Corporation d) Equifax - Answer-c) Fair Isaac Corporation You should try to achieve a FICO ...

UGBA 196 Finalcredit score - correct answer - paying bills on time over time - debt to credit ratio - length of credit history - new accounts and recent applications for credit - mix of credit cards and loans wash sale - correct answer - cannot declare a loss on a security if you purchase the identical security within 30 days before or after the sale revenue - correct answer sales earnings - correct answer profits interest rates are based on... - correct answer lowest score ma...

What two factors count for 65% of your FICO score? - Answer-Payment history and outstanding debts Which company has developed the MOST commonly used credit score to evaluate an individual's credit? - Answer-Fair Isaac Corporation You should try to achieve a FICO score of at least ________ in order to receive a top credit rating. - Answer-760 What is the debt to credit limit ratio for the following individual?Visa Card Master Card Credit Limit $10,000 $20,000 Balance Due $2,000 $19,00...

UGBA 196- Midterm Correctly Answered Test 2024. FICO Score (Definition) - correct answer Mathematical Number used by lenders to determine if you're a good or bad credit risk Debt-to-Credit Ratio - correct answer Total balance of your credit cards and other loans compared to your total credit limit Add up all your debt/credit ratios What percent do you want your debt-to-credit ratio to be? - correct answer 30%-33% Highest possible FICO Score? - correct answer 850 (delinquency rate ...

UGBA 135 MT Question and answers correctly solved 2023/2024Most important factor determining credit score - correct answer Payment history Highest credit score you can get? - correct answer 850 Best time to establish good credit? - correct answer When you don't need it Debt to credit ratio? - correct answer A credit-to-debt ratio is the amount of available credit you have relative to the amount of debt you carry. Expected credit card theft, whats the first thing you do? - correct a...

H&R block budget quiz 3 latest update 100% pass How does credit utilization affect your credit score? Keeping credit utilization below 30% increases your score. Which would not be identifying information included in a credit report? Marital status What would be the most likely difference between loans offered to someone with a good credit score versus a loan offered to someone with an excellent score? The person with good credit will pay a higher interest rate than the person with...

UGBA 196 Midterm Questions & Answers 2024. What does your FICO score represent? - correct answer delinquency and default rate of a large number of people with similar credit history What factors determine your FICO score? (5) - correct answer on time bills, debt to credit ratio, length of credit history, new accounts/applications for credit, mix of credit cards and loans Credit Card Act - correct answer ⁃ no interest rate increase for 1 year unless introductory rate has come to an end o...

UGBA 196- Midterm Question and answers 2023/2024 verified to passFICO Score (Definition) - correct answer Mathematical Number used by lenders to determine if you're a good or bad credit risk Debt-to-Credit Ratio - correct answer Total balance of your credit cards and other loans compared to your total credit limit Add up all your debt/credit ratios What percent do you want your debt-to-credit ratio to be? - correct answer 30%-33% Highest possible FICO Score? - correct answer 850 (d...