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Say you've got a credit score of 750, and you miss one credit card payment will
this impact your credit score MORE or LESS than if your original score was 650?
Why do you think this is the case?

Respuesta :

francocanacari

The higher the score, the greater the decrease will be, since the greater the value of the decreased percentage will be greater too.

Percentages

Given that you've got a credit score of 750, and you miss one credit card payment, to determine if this will impact your credit score MORE or LESS than if your original score was 650, the following calculation must be performed:

  • Suppose that a non-payment reduces the value of the score by 5%.
  • 100 - 5 = 95
  • 750 x 0.95 = 712.5 (-37.5)
  • 650 x 0.95 = 617.5 (-32.5)

Thus, as can be seen, the higher the score, the greater the decrease will be, since the greater the value of the decreased percentage will be.

Learn more about percentages in https://brainly.com/question/8011401

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