There are five factors used to calculate your credit score, with credit history being the biggest factor of them all. You can use this knowledge to achieve a high credit score, making the most of your credit.
Watch the video to learn about Maximizing Your Credit Score, then test your knowledge at the end of the lesson.
Which of the following is NOT one of the five factors used to determine your credit score?
A. Credit history
B. Credit age
C. Credit amount
D. New credit
Credit mix looks at the different types of debt you hold and makes up 10% of your credit score. Creditors want to see a diverse mix of debts.
A. True
B. False
A useful tool for staying up-to-date on changes in your credit report and credit score is:
A. Credit monitoring service
B. Credit ranking system
C. Credit evaluation calculator
D. Credit fraud representative