Highest fico score - Study guides, Class notes & Summaries

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 - 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 - c) Fair Isaac Corporation You should try to achieve a FICO score of at least _...

Can you increase credit score by increasing your credit limit? - ️️Yes, only if you stay below a 50% debt-to-credit ratio on each credit card. 30% ratio is the best for top scores. Increase credit limit to lower credit ratio Three credit scoring agencies - ️️Transunion () -- Empirica score Equifax () -- Beacan score Experian () -- Experian model credit hold on account - ️️-when a customer is consistently late in making payments, has exceeded their credit limit, or is identifie...

UGBA 135 Midterm Correctly Answered Questions 2024. FICO Score - correct answer measure of consumer credit risk Highest FICO Score - correct answer 850 Factors determining FICO Score - correct answer Credit report is based on: -35% paying your bills on time over time -30% your debt-to-credit ratio ( borrowing money/ credit limit) -15% length of credit history -10% mix of credit cards and loans (like to see things other than credit card; Rent, any loan (e.g. leasing car)) -10% new acc...

What is a credit hold on your account? - ️️when a hotel or car rental charges more money just incase damage is done-if you go over limit you worry about over draft fees, if hold is executed if will count against credit-don't have to tell how much hold is-no maximum interest rate, virtually eliminated teaser rates-an unused credit hold may not create an over limit charge unless hold is executed According to the CC law, can you get cash out of an ATM with your CC and not get charged f...

UGBA 135 Midterm Question and answers already passed 2023/2024FICO Score - correct answer measure of consumer credit risk Highest FICO Score - correct answer 850 Factors determining FICO Score - correct answer Credit report is based on: -35% paying your bills on time over time -30% your debt-to-credit ratio ( borrowing money/ credit limit) -15% length of credit history -10% mix of credit cards and loans (like to see things other than credit card; Rent, any loan (e.g. leasing car)) -10...

UGBA 135 Midterm FICO Score - correct answer measure of consumer credit risk Highest FICO Score - correct answer 850 Factors determining FICO Score - correct answer Credit report is based on: -35% paying your bills on time over time -30% your debt-to-credit ratio ( borrowing money/ credit limit) -15% length of credit history -10% mix of credit cards and loans (like to see things other than credit card; Rent, any loan (e.g. leasing car)) -10% new accounts and recent applications for c...

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 ...

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 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...

GEB 3006 Exam 3 Financial Literacy Questions And Answers 100% Verified. What two factors count for 65% of your FICO score? - correct answer. Payment history and outstanding debts Which company has developed the MOST commonly used credit score to evaluate an individual's credit? - correct answer. Fair Isaac Corporation You should try to achieve a FICO score of at least ________ in order to receive a top credit rating. - correct answer. 760 What is the debt t...