Fico is a credit score. true false user: collin has a credit card bill of $3,000. he makes only the minimum payment and is alway

Question

vazorg [7]

3 years ago

6

Fico is a credit score. true false user: collin has a credit card bill of $3,000. he makes only the minimum payment and is alway

s close to the limit on his credit card. is collin using credit responsibly? yes no

Mathematics

2 answers:

Alenkasestr [34] · Answer 1 · 2022-07-22T22:58:05+03:00

Alenkasestr [34]3 years ago

6 0

Fico is a credit score - true
Collin is not using credit responsibly.

I don't think my answer is correct but I hope it helped you :)

OverLord2011 [107] · Answer 2 · 2022-07-23T00:50:23+03:00

Answer: The answers are true and no.

Step-by-step explanation: The answers are given below:

* The full form of FICO is Fair Isaac Corporation, originally known as Fair, Isaac and Company, is a data analytics company based in San Jose, California which is focused on credit scoring services. FICO was founded by Bill Fair and Earl Isaac in 1956.

Therefore, FICO is a credit score. TRUE.

* Since Collin has a credit card bill of $3,000 and he is making only the minimum payment. Also, he is always close to the limit on his credit card. So, Collin is not using his credit card responsibly. Thus, the answer is NO.