Managing Credit

Front

A key factor influencing credit scores is: Recent inquiries, Monthly expenses, Martial status, Education level

Back

Recent inquiries

Front

Which of the following is NOT part of a credit report?

• Spending Habits
• Loan Repayment
• Credit Limit Utilization
• Current Credit Inquiries

Back

Spending Habits

Front

Failing to pay federal student loans may result in: Reduced student loan interest, Higher credit score, Tax refund garnishments, Revocation of your degree

Back

Tax refund garnishments

Front

A cosigner on a loan can help by:

Back

Boosting approval odds

Front

Which of the following is TRUE about a credit report?

Back

You can get a copy of your credit report for free

Front

Which of the following does NOT contribute to your credit score? Your payment history, Which banks issued your credit cards, Your debt-to-credit ratio, Length of credit history

Back

Which banks issued your credit cards

Front

Establishing credit early can help with: Quick loan approvals, Higher credit card limits, Avoiding yearly credit checks, Getting better interest rates

Back

Getting better interest rates

Front

What is TRUE about finding errors on your credit report?

Back

You may have to file a dispute with each credit bureau.

Front

What is the main advantage of a secured credit card?

Back

Improving credit score

Front

Why might older individuals typically have higher credit scores?

Back

They have longer credit histories