
Credit Score Definition & Example | InvestingAnswers
Apr 27, 2021 · Credit score refers to the FICO score, which is created and calculated by the Fair Isaac Corporation and is a measure of an individual's creditworthiness.
Credit Limit Definition & Example | InvestingAnswers
Apr 27, 2021 · A credit limit is based on several factors that influence a borrower's ability to repay. Generally, the applicant's credit score, income and job stability are the main factors considered in …
FICO Score Definition & Example | InvestingAnswers
Aug 8, 2020 · A FICO score, created and calculated by the Fair Isaac Corporation, is a measure of an individual's creditworthiness.
Credit Rating Definition & Example | InvestingAnswers
Sep 29, 2020 · In personal finance, the term credit rating commonly refers to a score issued by the Fair Isaac Corporation (a "FICO score").
Credit Card | Definition & Meaning | InvestingAnswers
Feb 5, 2021 · Need the best definition of credit cards? Our comprehensive explanation includes details on consolidation, application, and paying interest on credit…
Credit Quality Definition & Example | InvestingAnswers
Aug 8, 2020 · The best interest rates tend to go to borrowers with FICO scores above 740, but this is a generalization. The FICO-score algorithm considers several things in determining credit quality: …
Insurance Score Definition & Example | InvestingAnswers
Apr 27, 2021 · An insurance score is a number generated by insurance companies based on your credit score and claim history to determine the probability that a…
Utilization Ratio Definition & Example | InvestingAnswers
Aug 8, 2020 · About 30% of your credit score is calculated using the utilization ratio. If you would like to raise your credit score, you should keep a low utilization ratio by paying off excessive debt.
Finance Charge Definition & Example | InvestingAnswers
Aug 28, 2020 · Finance charges are commonly found in mortgages, car loans, credit cards, and other consumer loans. The level of these charges is most often determined by the creditworthiness of the …
Classic Car Loan Calculator - InvestingAnswers
5 days ago · Improving your credit score, saving a down payment, and shopping around for lenders will help you get the lowest rate available and affordable monthly payments. And using this calculator …