Understanding Credit Decisions Question Title * 1. What is the lowest FICO score and the highest FICO score you can have? OK Question Title * 2. What happens to your interest rate when you have a low FICO score? OK Question Title * 3. List 2 of the 5 components that a FICO score is based on. OK Question Title * 4. Which component of a FICO score prevents most Americans from having a FICO score more than 700? OK Question Title * 5. If you increase your mortgage payment by $100 per month, on a 30 year mortgage, how many years of interest will you have saved? OK Question Title * 6. What is the national average interest rate for a student loan? OK Question Title * 7. IMPORTANT: Please enter your FIRST and LAST name. Without this information we do not have record that you completed all of the scholarship requirements. Thank you! OK DONE