| MA.912.FL.3.10: | Analyze credit scores qualitatively. Explain how short-term and long-term purchases, including deferred payments, may increase or decrease credit scores. Explain how credit scores influence buying power.Clarifications:
Clarification 1: Instruction includes how each of the following categories affects a credit score: past payment history, amount of debt, public records information, length of credit history and the number of recent credit inquiries.Clarification 2: Instruction includes how a credit score affects qualification and interest rate for a home mortgage.
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