Which is the best way to improve your low credit score?

• Cancel your credit cards

• Buy some large things on credit

• Check your credit score

• Make on time payments

How long will a late credit card payment remain on your credit report?

• As soon as I make the payment

• 1 year

• 7 years

• 10 years

Which of the following most likely represents a fixed rate, secured debt?

• A credit card

• A dealer financed auto loan

• A debit card

• A home equity line of credit

What is NOT included in an individual’s credit report?

• Account balances

• Bankruptcies and foreclosures

• Current address

• Medical information

What is a line of credit extended to individuals or businesses who may use it as often as desired up to a specific dollar limit?

• Annual Percentage Rate

• Credit Cards

• Intermediate-term Loans

• Revolving Credit

What are loans will be in repayment for less than an 18 month time period?

• Intermediate-term Loans

• Long-term Loans

• Short-term Loans

• Mortgage loans

What loans will be in repayment for more than 10 years?

• Car Loans

• Intermediate-term Loans

• Long-term Loans

• Short-term Loans

What are the fees for getting cash advances, making a late payment or exceeding your credit limit?

• Annual Fees

• Bank Fees

• Lost Card Fees

• Transaction Fees

What is the measure of the cost of credit; expressed as a yearly rate?

• Annual Percentage Rate

• Credit

• FICO Scores

• Revolving Credit

What is the highest credit score number?

• 650

• 700

• 850

• 900