Question

Ralph's loan application was rejected because he has a low FICO score. What could he do to increase his score?

A. apply for credit less frequently
B. increase his credit card balances
C. hold payment on his bills

Answer 1

what class are you in?

Answer 2

I am helping a friend out

Answer 3

FICO is a type of credit score. Applying for credit often causes FICO to drop. Not paying your bills causes your FICO to drop. Having high credit card balances causes FICO to drop.

In general, good credit behavior like paying on time, having small balances, and not frequently applying for new loans and credit cards all help raise FICO.

Answer 4

so is it B.

Answer 5

no! not B

Answer 6

increase FICO by A) applying LESS frequently. IF you sign up for new loans every week, your FICO will drop like a rock.

Answer 7

http://en.wikipedia.org/wiki/FICO