5 factors of the Credit Score
This factor is a display of your activity with a credit card
What is Credit History?
If you do not have a credit history, then you might not have . . .
What is a credit card?
You can get these kinds of points that are used for traveling
What are travel points?
If you have a thin file, you might not be able to rent this
What is an apartment?
An 800 is a good credit score
What is true?
This factor is a culmination of your debts
What is Amounts Owed or Credit Utilization?
The Fair Issac Corporation creates this type credit score
What is a FICO score?
This is when the user of the card receives extra money just for using your credit card
what is cash back?
If you have a thin file, you might not be able to open this kind of account
What is a credit card account?
What is true?
This factor looks at how long you have had a credit history
What is the length of credit history?
This is the highest amount you can get on your credit score
What is 850?
This factor is the percentage you pay extra
What is interest rate?
If you have a thin file, you may not be able to receive these kinds of loan (name at least one)
What is a mortgage loan, auto loan, or personal loan?
A 605 is a good credit score.
What is false?
This factor is dependent on how diverse the kind of credit you use is
What is types of credit?
This is the lowest credit score you can get
What is 300?
This factor is the period of time from last billing statement to the next.
What is the billing cycle?
One way to fix your credit score is to get this kind of loan that helps you make payments
What is a credit-builder loan?
A 675 a good credit score.
What is true?
This factor looks at the previous inquiries you have made
What is new credit?
The VantageScore solutions company makes this kind of credit score
What is VantageScore?
This factor is the payment you make at the end of the year
What is Annual Fee?
Another way to fix your thin credit file is to get this kind of credit card that forces you to make a deposit and then use it as an ordinary credit card.
What is a secured credit card?
A 702 is a bad credit score
What is false?