What Is a Credit Score?
In the US, most scores run from 300 to 850 and are built from your credit report.
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1.What is a credit score?
In the US, most scores run from 300 to 850 and are built from your credit report.
2.Which ingredient carries the most weight in the widely used US model?
The five ingredients: payment history 35, amounts owed 30, length 15, new credit 10 and mix 10 percent.
3.Marge has a limit of 5,000 and owes 1,500; Leo owes 4,500. Who looks safer, other things equal?
Leo's 4,500 is not a sin; the model just reads it as pressure.
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Sources (6)
- CFPB: What is a credit score?
- myFICO: What's in your credit score (Fair Isaac Corporation)
- CFPB: Does requesting my credit report hurt my credit score?
- myFICO: What's not included in your credit score
- CFPB: How do I dispute an error on my credit report?
- Eigene Rechnung: Auslastung einer Kreditlinie (Marge
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Education only. Not financial advice.