Managing Credit

Front

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

Back

Recent inquiries

Front

All of the following are part of a credit report EXCEPT: Spending Habits, Loan Repayment, Credit Limit Utilization, Current Credit Inquiries

Back

Spending Habits

Front

A cosigner on a loan can help by:

Back

Boosting approval odds

Front

Which of the following is TRUE about a credit report?
Options:
It is a complete history of one type of credit you have
Credit reports are maintained by the 5 main credit bureaus
You can get a copy of your credit report for free
You can get a credit report only when you're 21 years old

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,
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

The main advantage of a secured credit card is:

Back

Improving credit score

Front

Why might older individuals typically have higher credit scores? Options: They have had more time to accumulate wealth, They have paid more taxes, They always earn more than younger individuals, They have longer credit histories

Back

They have longer credit histories

Front

How often should you check your credit report for errors?

Back

At least once a year

Front

Where can you get a free copy of your credit report?

Back

annualcreditreport.com