Credit/Loan Review

Front

Which of the following is NOT one of the 5 C's of Credit? Character, Capital, Capacity, Currency

Back

Currency

Front

What is one tip for establishing credit mentioned in the document?

Back

Use a family member or trusted friend

Front

What type of loan is associated with real estate?

Back

Mortgage / Home Equity

Front

Which type of credit card is mentioned under revolving credit?

Back

Student Credit Cards

Front

What is the LTV percentage for a home secured loan according to SHCB guidelines?

Back

80%

Front

What is considered a "Very Good" credit score range according to the FICO score in the US?

Back

740-799

Front

What percentage of your credit score is determined by the length of your credit history?

Back

21%.

Front

What is the recommended percentage of credit card utilization to maintain a good credit score?

Back

20-40%

Front

Which website is recommended for checking your credit annually?

Back

Annualcreditreport.com

Front

What is the effect of closing a credit card account on your credit score?

Back

Can hurt your score