SC 6.4 How Can I improve my credit Score

SC 6.4 How Can I improve my credit Score

Information in the slides come from NGPF

Multiple Choice

You should check your credit report from each of the three main credit bureaus at least once per year by requesting copies from AnnualCreditReport.com.

• Fact

• Myth

Multiple Choice

As long as you do not have any debt, you will have a high credit score.

• Fact

• Myth

​It’s also possible you could currently have no debt but have just recently recovered from poor credit habits (late payments, collections, bankruptcy, etc), so your score could still be quite low.

Multiple Choice

The only way to improve your credit score is to pay off your entire balance every month.

• Fact

• Myth

Multiple Choice

If you pay off your entire credit card balance in full every month, you will hurt your score. You must carry some balance from month to month.

• Fact

• Myth

Multiple Choice

You can eliminate negative parts of your credit score by closing accounts that are overdue.

• Fact

• Myth

Multiple Choice

It is possible to have a high credit score even if you don’t earn much income.

• Fact

• Myth

Multiple Choice

Using your debit card responsibly will increase your credit score slightly, but less than using a credit card will.

• Fact

• Myth