ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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35% Payment History
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15% Credit History
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20% Credit Type
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30% Amount Owed
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Detailed explanation-1: -Your credit report does not include your marital status, medical information, buying habits or transactional data, income, bank account balances, criminal records or level of education.
Detailed explanation-2: -Your credit reports include information about the types of credit accounts you’ve had, your payment history and certain other information such as your credit limits. Credit reports from the three nationwide consumer reporting agencies-Equifax, TransUnion and Experian-may contain different account information.
Detailed explanation-3: -The five pieces of your credit score This shows whether you make payments on time, how often you miss payments, how many days past the due date you pay your bills, and how recently payments have been missed. Payments made over 30 days late will typically be reported by your lender and lower your credit scores.
Detailed explanation-4: -Payment history – 35 percent of your FICO score. The amount you owe – 30 percent of your credit score. Length of your credit history – 15 percent of your credit score. Mix of credit in use – 10 percent of your credit score. More items