The failing grade highlights the struggle Americans have in understanding the complicated scoring system that helps determine how much you can take out on a loan and at what interest rate, how much your auto insurance might cost, and even whether you will get the job or home you want. Zillow surveyed more than 2,000 people across the nation between Feb. 11 and Feb. 19.
- Which of these things does not typically impact on your credit score?
Paying off the minimum balance on your credit cards every monthMaking your car loan payment on time every monthThe amount of money you have invested in the stock marketHow long your credit accounts have been open
- When buying a house, your credit is monitored and can affect your mortgage up until…
Pre-approvalMaking an offerGoing under contractThe day of closing
- How long should you wait to buy a house after taking out a car loan?
2 weeks3 months6 months2 years
- How high does your credit score need to be to qualify for a conventional mortgage?
700550620740
- Rank the most important pieces of your credit score from most to least important.
Payment historyThe length of your credit historyAmount of credit you’re using
Answers:
