Credit Scores

Your credit score determines how successful you will be in obtaining a loan

• True

• False

What is the most important factor of a credit score?

• Types of credit

• Payment History

• Amount of debt

• Inquires

The highest FICO score possible is:

• 1600

• 1000

• 850

• 700

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Bankruptcy can stay on your credit report for up to:

• 2 years

• 10 years

• the rest of your life

• it doesn't show up

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A high credit score means you will have the highest interest rates when applying for a loan

• True

• False

Payment history accounts for around _______ of your credit score.

• 1/2

• 3/4

• 35%

• 90%

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Bank of America issues you a credit card with a maximum balance of $1,000.  This is an example of:

• Finance Charge
• Co-Signer
• Minimum Payment
• Credit Limit

Which of the following may request your credit report?

• Insurance companies

• Banks

• Your landlord

• Al of the above

What type of FICO credit score is 570?

• Average

• Great

• Poor

• Excellent

Which is an exceptional credit score?

• 672

• 555

• 713

• 813

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