Understanding FICO Scores and Their Impact
Authored by Santiago Santana
Education
Professional Development
DOK Level 2: Skill/Concept covered
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 5 pts
Which of the following factors has the second highest impact on your FICO score?
Length of credit history
New credit inquiries
Payment history
Amounts owed
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DOK Level 2: Skill/Concept
2.
MULTIPLE CHOICE QUESTION
10 sec • 5 pts
How many FICO score versions exist?
10+
6+
8+
+4
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DOK Level 2: Skill/Concept
3.
MULTIPLE CHOICE QUESTION
10 sec • 5 pts
Why is it important to maintain a high FICO score?
It guarantees loan approval.
It ensures lower interest rates on loans.
It increases the amount of credit you can borrow.
It guarantees to bring a girlfriend/boyfriend.
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DOK Level 2: Skill/Concept
4.
MULTIPLE CHOICE QUESTION
10 sec • 5 pts
FICO scores are only for loans
True
False
Tags
DOK Level 2: Skill/Concept
5.
MULTIPLE CHOICE QUESTION
10 sec • 5 pts
What impacts FICO score most?
Income
Location
Age
Payment history
6.
MULTIPLE CHOICE QUESTION
10 sec • 4 pts
Which FICO score is most common?
FICO 8
FICO 9
FICO 10
FICO 10T
7.
MULTIPLE CHOICE QUESTION
10 sec • 5 pts
Which FICO score is for credit cards?
FICO Bankcard 7
FICO Auto Score 8
FICO Bankcard 10
FICO Bankcard 8
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