Credit Scores

Front

When Katy applies for a car loan, the bank uses a:

Back

report of Katy's credit history

Front

When Kingston applies for a personal loan, the loan officer will assess his credit worthiness by checking:

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Credit Report and Credit History

Front

During a finance class, Carlo, Ian, and Caleb are tasked with researching the 3 major Credit Reporting Agencies in the U.S. for a project. Which agencies are they looking into?

Back

Equifax, Experian, and Trans Union

Front

Emma and Dutch are discussing how Credit Bureaus operate. Emma mentions that Credit Bureaus generate revenue by selling information to banks and other financial institutions - is this true or false?

Back

True

Front

Laney believes that FICO is the largest Credit Bureau in the U.S.

Back

False

Front

What does FICO stand for?

Back

Fair Isaac Corporation

Front

Imagine Sofia is reviewing her FICO Credit Score report. The report is likely to include: GPA, marital status, total assets, income history and job history, Amt owed, New Credit, Length of Credit History, Credit Mix, Payment History, all of the above

Back

Amt owed, New Credit, Length of Credit History, Credit Mix, Payment History

Front

Bentley is reviewing her finances to prepare for buying her first home and discovers that an "Exceptional" Credit Score falls within the range of: 300-579, 800-850, 580-669, 740-799

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800-850

Front

FICO Scores range from:

Back

300-850

Front

What is the most significant factor in improving a FICO score, accounting for 35% of the score? Options: Credit Mix, Income history, New Credit, Payment History

Back

Payment History