a three-digit number used by lenders to determine your risk level as a potential borrower. :: is a detailed list of all your credit lines and payment histories :: 35% of credit score- based on consistently paying bills and other obligations on time. :: 30% of credit score- based on the amount of credit available that is used 15% of credit score- based on how long you've held an account, so you should keep older accounts open :: 10% of credit score- based on having different types of credit. Installment accounts like mortgages and revolving accounts like credit cards 10% of credit score- based on applications for new credit or hard inquiries

a three-digit number used by lenders to determine your risk level as a potential borrower. :: is a detailed list of all your credit lines and payment histories :: 35% of credit score- based on consistently paying bills and other obligations on time. :: 30% of credit score- based on the amount of credit available that is used 15% of credit score- based on how long you've held an account, so you should keep older accounts open :: 10% of credit score- based on having different types of credit. Installment accounts like mortgages and revolving accounts like credit cards 10% of credit score- based on applications for new credit or hard inquiries

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter7: Credit Cards And Consumer Loans

Section7.2: Managing Credit Cards Wisely

Problem 2CC

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