ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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House
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Car
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Lower interest rate on a loan
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All of the above
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Detailed explanation-1: -FICO® Scores☉ are used by 90% of top lenders, but even so, there’s no single credit score or scoring system that’s most important. In a very real way, the score that matters most is the one used by the lender willing to offer you the best lending terms.
Detailed explanation-2: -Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
Detailed explanation-3: -You’ll have an easier time renting an apartment. You’ll get the best rates on car and homeowners insurance. It’s cheaper to borrow money. You’ll be better prepared for the future. You can access perks and enjoy the best rewards. More items
Detailed explanation-4: -Pay your loans on time, every time. Don’t get close to your credit limit. A long credit history will help your score. Only apply for credit that you need. Fact-check your credit reports. 01-Sept-2020