Question
Your credit score also known as? (It computes your credit worthiness? Collateral Score FICO Score FIDO Score Sub prime rate
Answer
4.1
(305 Votes)
Saffron
Elite · Tutor for 8 years
Answer
B. FICO Score
Explanation
The question asks for the term that is also used to refer to a credit score, which computes an individual's creditworthiness. Credit scores are numerical expressions based on a level analysis of a person's credit files, representing the creditworthiness of an individual. The most common type of credit score is the FICO Score, named after the Fair Isaac Corporation, which first introduced it. Collateral Score and FIDO Score are not standard terms used in the context of credit scoring. The Sub prime rate refers to the interest rate charged to borrowers with less favorable credit histories and is not a type of credit score.