Credit Test pt 1

Card Set Information

Author:
JuniorwithBraids
ID:
74877
Filename:
Credit Test pt 1
Updated:
2011-03-23 22:18:01
Tags:
Consumer Management
Folders:

Description:
from the somewhat review guide
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  1. What % is Payment History of a Credit Score?
    35%
  2. What is Outstanding Bills vs Income of a Credit Score?
    35%
  3. What is the Length of Time of a Credit Score?
    15%
  4. What is New Credit of a Credit Score?
    10%
  5. What is Type of Credit of a Credit Score?
    10%
  6. What groups provide a FICO score?
    Credit Bureau: Experian, Equifax, Trans Union
  7. Range from?
    350-850
  8. Free report from?
    annualcreditreport.com
  9. Measured on?
    • -Capacity
    • -Character
    • -Collateral
    • -Capitol
  10. What is the def of Revolving?
    • Carry over balance from month to month
    • -Ex: MasterCard, VISA
  11. What is the def of Regular?
    • Pay in full by end of the month
    • -Ex: American Express
  12. What is the def of Installment?
    • Fix the amount for a fixed time
    • -Ex: car, home
  13. 7-11 complain about?
    Losing profit because of card companies, 1.2-2.2%
  14. Max late fee?
    No more than your minimum payment require
  15. Time before rate change?
    45 day notice
  16. What is exceeding your limit?
    Most they charge = what you went over by

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