What is the typical range for Credit Scores?

• 0-100

• 0-1000

• 300-850

• 250-750

Which of the following would be the best Credit Score?

• 10

• 200

• 740

• 820

Which of the following factors impacts your Credit Score the most?

• length of credit history

• payment history

• new lines of credit

• amounts owed

Payment History and Length of Credit History together make up what percentage of your Credit Score?

• 15%

• 35%

• 50%

• 75%

Which of the following would lower your credit score?

• Making late payments

• Not making payments

• Using $4,800 of your $5,000 credit limit

• Using $200 of your $7,000 credit limit

Which of the following would increase your Credit Score?

• Make all payments on time

• Make a few late payments a year

• Paying accounts off early

• Opening up three new credit cards at the same time

All of the following can be negative consequences of a low or fair Credit Score, except which one?

• Receiving a high interest rate on a credit card

• Receiving the approved rate for a new credit card

• Being denied a loan

• Being denied an apartment

Which of the following do you need to look for in a Good Credit Card?

• high APR

• low APR

• Annual Fees

• high balance transfer fee

Why is it not beneficial to pay the minimum payment on a credit card balance?

• Credit Card companies penalize you if you pay it too often

• It will take you the longest possible time to pay off, resulting in a higher "true cost" of an item

• It may help you in your short-term budget needs

• It is better than paying late payments

All of the following would be benefits of a Credit Card, except which one?

• building credit

• used for emergencies

• rewards programs

• receive wanted goods now, and pay for them over time