Which Best Explains What a Credit Score Represent

- April 26, 2022

A decent credit score is essential for your financial well-being because the higher. 740 to 799.

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The higher the score the better a borrower looks to potential lenders.

. Which best explains what a credit score represents. FICO considers a score between 800 and 850 to be exceptional while VantageScore considers a score above 780 to be excellent. Financial institutions often use a credit score rating before lending out money to their customers.

A numerical rating that expresses how likely you are to repay your debits. In other words what one lender might consider very good another could consider good. A good credit score is 670 to 739 on the FICO Score range while a credit score of 661 to 780 is good on the VantageScore range.

A numerical rating that shows how much money you have in your bank account d. The best credit score and the highest credit score possible is 850 for both FICO and VantageScore models. Which of the following actions can NEGATIVELY impact your credit score.

A credit score is a three-digit number that is calculated from information on a credit report and generally ranges between 300 and 850. Ad Discover Your Credit Potential. It is a collection of numbers used to measure the financial trustworthiness of a person.

Therefore a credit rating is well defined in choice B a numerical rating that expresses how likely you are to repay your debts. A credit score between 740 and 799 indicates a consumer is generally financially responsible when it comes to money and credit management. A VantageScore 30 score of 661 could put you in the good range for example while a 661 FICO score may be considered fair.

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You forgot to pay the cable bill. Which best explains what a credit score represents. Its possible to get an 850 credit score but its tough to achieve.

Which action can hurt your credit score. A credit score is a number lenders use to help them decide how likely it is that they will be repaid on time if they give a person a loan or a credit card. Which best explains what a credit score represents.

A number expressing your yearly income. New Credit Scores Take Effect Immediately. Iam trying to get more members on my blog.

Your FICO Score ranges from 300 to 850. See Your Score Report Now. Which best explains what a credit score represents.

2 Show answers Another question on Business. A credit score is a number between 300850 that depicts a consumers creditworthiness. History 21062019 1930 AmityHeart.

The smelting department of kiner company has the following production and cost data for november. Ad Increase your Credit Scores Get Credit for the Bills Youre Already Paying. How do i do this.

Which behaviors might lead someone to have a low credit score. A numerical rating that expresses how likely you are to repay your debts Which action can hurt your. Which best explains what a credit score represents.

Which best explains what a credit score represents Other questions on the subject. Your Credit Can Too. A number showing how likely you are to have more than one credit card.

Soetrust Of the four answers B a numerical rating that indicates how likely you are to repay your debts is correct because the definition of credit score it is a mass 17. Get Score Planning Report Protection Tools Now. Your personal credit score is built on your credit history.

Paying your phone bill late. Which best explains what a credit score represents. Which best explains what a credit score represents.

Missing a car payment. And lenders create or use their own standards when making credit-based decisions. Write 2 paragraphs summarizing how the ideas and customs that the colonists brought from england began to change once they left their homeland.

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A Credit Score Is A Three Digit Number Typically Between 300 And 850 Designed To Represent Your Credit Risk Or In 2021 Credit Score Range Credit Score Credit Repair