Quiz: Credit Scores 4 questions · 80% to pass 1. Which factor has the largest impact on your FICO credit score?Credit mixPayment historyLength of credit historyNew credit inquiriesPayment history accounts for 35% of your FICO score, making it the single most important factor. One late payment can drop your score significantly.2. What is the ideal credit utilization ratio?Below 50%Below 30%Below 10%Exactly 0%While below 30% is acceptable, below 10% is ideal for maximizing your credit score. Using some credit is better than using none, as it shows active responsible usage.3. Which of these is a soft inquiry that does NOT affect your credit score?Applying for a mortgageApplying for a credit cardChecking your own score through your bankApplying for an auto loanChecking your own credit score is always a soft inquiry. It never impacts your score, no matter how often you check.4. What FICO score range is considered 'good' by most lenders?580-669670-739740-799800-850A FICO score of 670-739 is considered 'good' and will qualify you for most standard lending products. Check answers Retake quiz Back to lesson Next lesson →