U5L3 HW Credit Scores

What percentage of all new vehicles were leased in 2024?

• 19.30%

• 21.14%

• 25.35%

• 30.00%

What was the increase in the interest rate from 2022 to 2024?

• From 4.61% to 6.84%

• From 3.50% to 5.00%

• From 5.00% to 7.00%

• From 4.00% to 6.00%

What age group has the highest percentage of credit scores over 780?

• 30 or Younger

• 40-49

• 60-69

• 70 or Older

In the 50-59 age group, what percentage of people have a credit score between 721 and 780?

• 16%

• 19%

• 25%

• 30%

Which age group has the lowest percentage of credit scores below 621?

• 30-39

• 40-49

• 60-69

• 70 or Older

What percentage of a credit score is determined by credit history according to the video?

• 35%

• 30%

• 25%

• 40%

What is the percentage of a credit score determined by amounts owed according to the video?

• 25%

• 30%

• 35%

• 40%

What is the scale for minimum to maximum possible credit score?

• 200-800

• 300-850

• 400-900

• 250-750

Why is it better to have a high credit score than a low one?

• It decreases your chances of getting a job.

• It increases the interest rates you pay.

• It makes you more likely to be approved for credit.

• It has no effect on telecommunications services.

How is your payment history used as a measure of your creditworthiness?

• It shows your ability to save money.

• It indicates your likelihood to make on-time payments in the future.

• It reflects your total income.

• It measures your spending habits.