Social Science Economics Finance
GEB 3006 Financial Literacy Consumer Credit Exam Prep
Branded Financial Literacy Guide Practice
Questions Answers and Solutions College Business
Course Study Resource
Terms in this set (36)
What two factors count for 65% of your Payment history and outstanding debts
FICO score?
Which company has developed the Fair Isaac Corporation
MOST commonly used credit score to
evaluate an individual's credit?
You should try and achieve a FICO score 760
of at least___in order to receive a top credit
rating.
Is it possible that canceling an old credit True
card with no balance due could hurt your
credit score?
If an individual gets several quotes on a new True
mortgage within a two week period, it
should not immediately impact their credit
score. The credit score may later be
impacted by the size of the mortgage and
related monthly payments.
A married couple is applying for a Apply in the name of the spouse with the highest score.
mortgage. One spouse has a low FICO
score and on has a high FICO score. What is
their best strategy for getting the lowest
interest rate possible?
Which of the following statements is true? The treasury yield curve is normally upward sloping, with long
term rates being higher than short term rates.
Having mortgage debt is generally True
considered better than having credit card
debt.
GEB 3006 Financial Literacy Consumer Credit Exam Prep
Branded Financial Literacy Guide Practice
Questions Answers and Solutions College Business
Course Study Resource
Terms in this set (36)
What two factors count for 65% of your Payment history and outstanding debts
FICO score?
Which company has developed the Fair Isaac Corporation
MOST commonly used credit score to
evaluate an individual's credit?
You should try and achieve a FICO score 760
of at least___in order to receive a top credit
rating.
Is it possible that canceling an old credit True
card with no balance due could hurt your
credit score?
If an individual gets several quotes on a new True
mortgage within a two week period, it
should not immediately impact their credit
score. The credit score may later be
impacted by the size of the mortgage and
related monthly payments.
A married couple is applying for a Apply in the name of the spouse with the highest score.
mortgage. One spouse has a low FICO
score and on has a high FICO score. What is
their best strategy for getting the lowest
interest rate possible?
Which of the following statements is true? The treasury yield curve is normally upward sloping, with long
term rates being higher than short term rates.
Having mortgage debt is generally True
considered better than having credit card
debt.
