FICO / Credit Score

Your credit score falls between what range?

• 300 - 800
• 300 - 850
• 350 - 800
• 350 - 850

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How can you improve your credit score?

• Make payments on time
• Reduce overall debt
• Limit your applications
• All of the above

True or False:  Identity theft protection like LIFE LOCK and CREDIT KARMA are well worth the the price and piece of mind.  

• True 
• False

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CCSS.RI. 9-10.8

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CCSS.RI.11-12.8

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The 3 credit bureaus that determine your FICO score are:

• Equifax, Transunion, and Experian
• Transamerican, Equality, Experience
• Transparcel, Equin, Faxqui
• Crederian, Equiunion, Experfax

When financing a car, which credit score will warrant the best rate?

• 850
• 950
• 300
• 250

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How can one avoid paying interest on money borrowed on a credit card?

• Pay the amount used in full during the current billing cycle
• Make the minimum payment on the account statement
• Pay at least have of the balance showing on the statement
• Not making a payment at all.  

True or False: Missing a payment on your credit card has no effect on your credit.  

• True 
• False

True or False:  If denied for a credit card, I should continue to apply for other credit cards until I'm approved.

• False
• True

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CCSS.RI.9-10.4

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True or False: Your credit score can change quickly.

• True
• False

What are 2 of the top 5 factors that assist in calculating your credit score?

• Payment History and Amount of current debt
• Length of credit history and types of credit
• Payment History and Job History
• Payment History and Credit inquiries