Makes up 15 of fico score Study guides, Class notes & Summaries

FiCEP Sample Quiz Chapters 1-15 (2023/2024) Already Passed TRUE or FALSE: Receiving a medical bill affects your credit score False TRUE or FALSE: Divorce has a direct impact on credit score False Student loan refinancing makes sense when the member has: 1. High interest rates on existing loans 2. Steady income 3. Above-average credit score Members need to communicate ______ to creditors Calmly What is the first step to help facilitate productive money conversations with couples/families? Ind...

Credit Report - Answer- a compilation of data about you that has been gathered by credit reporting agencies or "credit bureaus" Length of Credit History - Answer- Makes up 15% of FICO score Type - Answer- __ of credit use makes up 10% of FICO score New Credit or Inquiries - Answer- Makes up 10% of FICO score Amounts Owed - Answer- Makes up 30% of FICO score Payment History - Answer- Makes up 35% of FICO score Fair Credit Reporting Act (FCRA) - Answer- act that protects privac...

Credit Report - correct answers a compilation of data about you that has been gathered by credit reporting agencies or "credit bureaus" Length of Credit History - correct answers Makes up 15% of FICO score Type - correct answers __ of credit use makes up 10% of FICO score New Credit or Inquiries - correct answers Makes up 10% of FICO score Amounts Owed - correct answers Makes up 30% of FICO score Payment History - correct answers Makes up 35% of FICO score Fair Credit R...

NACA HUD Certification Exam ; QUESTIONS AND ANSWERS 100% SOLVED Credit Report - Answer- a compilation of data about you that has been gathered by credit reporting agencies or "credit bureaus" Length of Credit History - Answer- Makes up 15% of FICO score Type - Answer- __ of credit use makes up 10% of FICO score New Credit or Inquiries - Answer- Makes up 10% of FICO score Amounts Owed - Answer- Makes up 30% of FICO score Payment History - Answer- Makes up 35% of FICO scor

Credit Report - Answer- a compilation of data about you that has been gathered by credit reporting agencies or "credit bureaus" Length of Credit History - Answer- Makes up 15% of FICO score Type - Answer- __ of credit use makes up 10% of FICO score New Credit or Inquiries - Answer- Makes up 10% of FICO score Amounts Owed - Answer- Makes up 30% of FICO score Payment History - Answer- Makes up 35% of FICO score Fair Credit Reporting Act (FCRA) - Answer- act that protects privacy of backg...

Qualified and Non-qualified Mortgage Programs - ANSWER-The Qualified Mortgage (QM) is a section of TILA that went into effect in 2014. It was mandated by the Dodd-Frank Wall Street Reform Act of 2010 and enforced by the CFPB. The QM Rule works hand in hand with the Ability to Repay Rule (ATR). The QM requirements generally focus on prohibiting certain risky features and practices such as negative amortization and interest-only periods and loan terms longer than 30 years. Features of a qual...

Abstract of title (Title Report) - ANSWER-A written history of all the transactions related to the title for a specific tract of land. This will include a history of all liens, judgements, easements and covenants on the property Abusive - ANSWER-Under the Dodd-Frank Act, this is act of a Loan Originator taking advantage of the borrower's lack of knowledge in the mortgage process. Accrued Interest - ANSWER-This is the interest that is charged over the course of the payment period. Addit...

NACA HUD Certification Exam QUESTIONS AND ANSWERS 2023 UPDATE GRADED A+ Credit Report - Answer- a compilation of data about you that has been gathered by credit reporting agencies or "credit bureaus" Length of Credit History - Answer- Makes up 15% of FICO score Type - Answer- __ of credit use makes up 10% of FICO score New Credit or Inquiries - Answer- Makes up 10% of FICO score Amounts Owed - Answer- Makes up 30% of FICO score Payment History - Answer- Makes up 35% of FICO score Fa...

Financial Planning and Insurance study Guide questions and answers/ FINANCE 390:341 Midterm Study Guide Financial  Planning  and  Insurance   Study  Guide 1. A good financial planning report must include an analysis of all of the following EXCEPT: a. Where you are now b. Where you want to be c. Why you failed previously d. How to reach your goals 2. The five steps in the financial management process outlined by the authors include the following EXCEPT: a. Establish ...

Credit Report a compilation of data about you that has been gathered by credit reporting agencies or "credit bureaus" Length of Credit History Makes up 15% of FICO score Type __ of credit use makes up 10% of FICO score New Credit or Inquiries Makes up 10% of FICO score Amounts Owed Makes up 30% of FICO score Payment History Makes up 35% of FICO score Fair Credit Reporting Act (FCRA) act that protects privacy of background information and ensures...