Credit

Question 1

Payment history is what percent of the FICO score

Answer 1

35%

Question 2

Amounts owed are what percent of the FICO score?

Answer 2

30%

Question 3

Length of credit history is what percent of the FICO score?

Answer 3

15%

Question 4

New credit is what percent of the FICO score?

Answer 4

10%

Question 5

Credit mix is what percent of the FICO score?

Answer 5

10%

Question 6

What rating is well below average and demonstrates to lenders that you are a risky borrower?

Answer 6

Poor

Question 7

What credit rating demonstrates that you are below average, but many lenders will approve loans?

Answer 7

Fair

Question 8

What credit rating is near or slightly above average and most lenders consider a good score

Answer 8

Good

Question 9

What credit rating is above average, and demonstrates to lenders that you are a very dependable borrower?

Answer 9

Very Good

Question 10

What credit rating is well above average, and demonstrates to lenders that you are an exceptional borrower?

Answer 10

Exceptional

Question 11

What credit rating is demonstrated by a FICO score below 580

Answer 11

Poor

Question 12

What credit rating is demonstrated by a score of 580 to 669

Answer 12

Fair

Question 13

What credit rating is demonstrated by a score of 670 to 739

Answer 13

Good

Question 14

What credit rating is a score of 740 to 799

Answer 14

Very Good

Question 15

What credit rating is 800 and above

Answer 15

Exceptional