Place the following items in order of most to least weight on your FICO score. Items that are of equal weight should be listed in alphabetical order.

Length of credit history

Taking on more debt

Types of credit used

Amounts owed

Payment history

Which of the following statements regarding the credit utilization ratio are true? Check all that apply.

The Fair Isaac Corporation believes that a borrower should not maintain a balance that is greater than $30\%$ of the credit limit of a single credit card.

The purpose of the credit utilization ratio is to identify how heavily a borrower relies on individual cards as well as all your cards.

The credit utilization ratio is used to evaluate a borrower's payment history, and indicates the percentage of credit cards that have been paid late during the last three years.

The credit utilization ratio indicates the percentage of your total debt obligation held in the form of credit cards balances.

Think about activities that can contribute to creating a strong credit history. Which of the following actions will contribute to this outcome?

Will this activity help build a strong credit history?

No Yes

Bounce several checks and make several late payments each month.

Close most of your old existing credit card accounts

Open a checking account and manage it properly.

Apply for a retail credit card and pay the balance in full each month.