How Is a FICO Credit Score Calculated

question 78

Multiple Choice

How is a FICO credit score calculated?

• A)Payment history accounts for about 35% of the credit score,amount owed accounts for 30%,length of credit history accounts for 15%,new credit accounts for about 10%,and types of credit in use accounts for about 10%.
• B)A FICO credit score is calculated solely on payment history.
• C)50% of a FICO score is determined by how much is owed and 50% is determined by payment history.
• D)25% is determined by payment history,20% is determined by how much is owed,25% is determined by length of credit history,and 25% is determined by types of credit in use.

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