Understanding FICO Scores and Their Impact

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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How many FICO score versions exist?

• 10+

• 6+

• 8+

• +4

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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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FICO scores are only for loans

• True

• False

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What impacts FICO score most?

• Income

• Location

• Age

• Payment history

Which FICO score is most common?

• FICO 8

• FICO 9

• FICO 10

• FICO 10T

Which FICO score is for credit cards?

• FICO Bankcard 7

• FICO Auto Score 8

• FICO Bankcard 10

• FICO Bankcard 8

Which FICO score is for auto loans?

• FICO Auto 8

• FICO Score 4

• FICO Bankcard 8

• FICO Gutierrez

Which FICO score is used for mortgages when lender will look up for Experian?

• FICO Score 5

• FICO Score 4

• FICO Score 2

• FICO Score 3

What is the range of an "Excellent" FICO score?