Mode: Knowledge check

how-credit-scores-work

Test your understanding with multiple-choice questions.

1. Which of the following FICO score factors is considered the most impactful?
2. What is the general rule of thumb for credit utilization to maintain a good credit score?
3. Which action would typically NOT result in a 'hard inquiry' on your credit report?
4. Why might closing an old, fee-free credit card negatively impact your credit score?
5. What is the common range for FICO credit scores?
6. Approximately what percentage of your FICO score is attributed to 'Amounts Owed'?