Credit Card Calc
What is the first things you do when figuring out 10% APR?
What is a poor credit score?
300-579
What is the percentage of your credit score for Total Debt?
30%
What is #1 for credit scores?
Payment History
What is 57.33 plus 587.04?
644.37
What is the second thing you do to turn APR into a monthly rate?
Divide by 12
What is a fair credit score?
580-669
What is the percentage of your credit score for Length of Credit History?
What is #2?
Total Debt
What is 555 times 2 million?
1110 million
What is .00833 times 1000?
8.33
What is a good credit score?
670-739
What is the percentage of your credit score for New Credit History?
10%
What is #3?
Credit History
What is 1/2 in a percentage?
50%
What happens to the interest that is added to the balance?
The credit card company gets to take that money, they rob me
What is a very good credit score?
740-799
What is the percentage of your credit score for Payment History?
35%
What is #4?
Credit Mix
What decimal place does money round to?
Hundredths place
If I have paid $300 and the balance is down to $790.56 from the $1,000. How much of that $300 am I getting credit for or how much was taken from me?
$209.44 credit, 90.56 taken from me
What is an exceptional score?
800-850
What is the percentage of your credit score for Types of Credit?
10%
What is #5?
New Credit
What is .01 times 60,000?
600