Credit Scores

Applying for a credit card only affects your credit score if you use the card.

• False

• True

Paying less than the minimum payment on your credit card bill doesn’t count as a missed payment.

• True

• False

A high credit card limit can be a bad thing.

• True

• False

You must carry a balance on your credit cards to build a credit history.

• False

• True

The more credit cards you have, the better.

• True

• False

Payment history accounts for around _______ of your credit score.

• 1/2

• 3/4

• 35%

• 90%

Which of these show your credit history?

• Credit score

• Credit report

• Both

Student loans impact your credit score.

• Myth
• Fact

Race and gender are factors in a credit score.

• Myth
• Fact

Capacity to pay will be taken into account when you apply for a credit card or loan.

• Myth
• Fact