Loans
A loan you take out for your house.
What is Mortgage?
The minimum Credit score
What is 300?
35% of your FICO Credit score
What Is Payment History?
What is the credit utilization ratio
Keeping this ratio below 30% is generally recommended for a good credit score.
A loan you take out for your car.
What is Auto Loan?
The legal age to solo sign on a credit card.
What is 18?
30% of your FICO Credit Score.
What Is amounts owed?
The maximum number of Credit cards one person can have at once.
What is no set limit/ no limit?
A loan you take out For college.
What is Student Loans?
The Minimum age to add someone on as an authorized user to a credit card.
What is 13?
10% of your credit score
What is New credit/ Credit mix?
The Maximum utilization % you can use on a Credit Card.
What is 100%?
A loan you take out for Personal Reasons
What is Personal Loan?
The maximum credit Score one can have.
What is 850?
15% of your FICO Credit score.
What is Length of history?
The Maximum utilization % you Should use on a Credit Card.
What is 30%?
The common loan length for a mortgage.
What is 15, 20, and 30 year loans?
The Scale at which your interest rate will be if you have a Lower credit score.
What is High?
10% of your credit score
What is New credit/ Credit mix?
What is the credit utilization ratio
this is the percentage you get by dividing your total outstanding credit card balance by your total available credit limit.