They score your credit rating based

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Reference no: EM131977885

1. They score your credit rating based? on:

A. LIFO for credit? scoring, which is based on payment history and levels of debt.

B. FICO for credit? scoring, which is based on payment history and levels of debt.

C. LIFO for credit? scoring, which is based on the size of the loan you are trying to get.

D. FICO for credit? scoring, which is based on the size of the loan you are trying to get.

2. One of the factors is used to determine your credit score and how it is weighted by FICO? is:

A. Payment is weighted at 40 percent.

B. Amount of monthly credit used is weighted at 15 percent.

C. Length of creditor relationship and number of inquiries is weighted at 15 percent.

D. Length of creditor relationship and number of inquiries is weighted at 35 percent.

Reference no: EM131977885

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