Back to School Quiz: How Well Do You Know Your FICO® Score Facts?
, by Rob Kaufman
Take this short quiz to see what you know (and don't know) about your FICO® Score.
Back to school means back to learning. The fun of summer is behind us and a whole new educational adventure lies ahead. It's also the perfect time of year to give ourselves a knowledge "checkup" - to see the things we know while learning about the things we don't.
To help start you off, here's the latest FICO® Score Quiz. There are only 10 questions so it won't take much time. However, they include FICO® Score elements and facts that are crucial to the financial success of anyone trying to build a solid credit history. So sit back, relax and we'll see you when it's over. Good Luck! Here is a preview of the questions:
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90% of top lenders use FICO® Scores for auto, mortgage and credit card lending.
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When it comes to FICO® Scores...
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Payment History makes up X% of a FICO® Score...
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An important consideration in a FICO® Score is...
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Information NOT considered in a FICO® Score is...
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A poor FICO® Score will haunt you forever.
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Closing unused, $0 balance credit cards will improve your FICO®
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What is considered a "good" credit score range?
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What credit utilization rate is most widely known as "less risky"?
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Getting married results in a single FICO® Score for both spouses.
So, how did you do? Did any of the answers surprise you? If you got 70% or more correct, that's pretty good! Remember, if you have any questions about FICO® Scores, loans or credit-related topics, you can always visit the myFICO Forums and get answers - anytime, day or night.
Rob is a writer... of blogs, books and business. His financial investment experience combined with a long background in marketing credit protection services provides a source of information that helps fill the gaps on one's journey toward financial well-being. His goal is simple: The more people he can help, the better.