Which of the Following Are Ways to Improve a FICO

question 5

Multiple Choice

Which of the following are ways to improve a FICO score?

• A)Open new credit cards
• B)Transfer balances to one credit card
• C)Pay bills on time and pay as agreed
• D)All of the options are correct.

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Definitions:

Mechanical Reasoning

The ability to understand and apply mechanical concepts and principles to solve problems.

High Reliability

A term used to describe organizations or systems with processes and structures in place that make them exceptionally consistent in accomplishing their goals and avoiding potentially catastrophic errors.

Predictive Validity

The degree to which a measurement or test score can forecast future success in a related activity or result.

Intelligence Quotient

A measure of a person's intellectual abilities in relation to their age group, commonly expressed as a score derived from standardized tests.