BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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key things that make up/affect your FICO score-CHOOSE ALL THAT APPLY-CAN CHOOSE MORE THAN ONE!
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payment history
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new credit
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amount of debt
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length of credit history
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credit mix
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Explanation:
Detailed explanation-1: -What’s in my FICO® Scores? FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).
Detailed explanation-2: -Payment history is the most important factor in maintaining a higher credit score. It accounts for 35% of your FICO score, which is the score most lenders look at. FICO considers your payment history as the leading predictor of whether you’ll pay future debt on time.
There is 1 question to complete.