Quiz – Credit Score Unveiled

Question 1 of 6

1. Question

A credit score is a three-digit number that ranges from:

300 to 850

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0 to 100

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100 to 1000

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1 to 10

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Question 2 of 6

2. Question

Which component carries the largest weight in the credit score?

Payment history at 35 percent

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Credit mix at 10 percent

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New inquiries at 10 percent

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Length of history at 15 percent

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Question 3 of 6

3. Question

What percentage of the score does credit utilization represent?

30 percent

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10 percent

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15 percent

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35 percent

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Question 4 of 6

4. Question

In which year was the FICO scoring model established by Fair Isaac Corporation?

1989

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1970

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2000

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2010

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Question 5 of 6

5. Question

Match each score component to its weight.

Sort elements

35 percent
30 percent
15 percent
10 percent

Payment history

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Credit utilization

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Length of history

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New inquiries

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Question 6 of 6

6. Question

Maria has one credit card near its limit and learns that utilization is 30 percent of her score. To improve her score fastest through utilization, she should:

Pay down the balance to lower her utilization

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Close her oldest credit account

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Open three new cards at once

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Do nothing and simply wait

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