Credit Review

Your credit score is based on.....

• 35% payment history
• 30% cash money
• 100% of nada
• 10% of income

Why is it important to have good credit?

• Buy candy
• Buy school supplies
• Start a business
• Buy groceries

If you have bad credit, it maybe ...

• harder to obtain a mortgage loan
• easier to get a loan
• likely for you to get a better paying job
• easier to get a credit card

What can be found on your credit report?

• FICO score
• Girlfriend's name
• Cash amount in your bank account
• Number of traffic tickets 

Can car insurance companies use your credit report to determine how much you will pay?

• yes
• no

Length of credit history is listed on your credit report

• True
• False

A credit score of 800 is considered _____

• Poor
• Fair
• Good
• Excellent

Is the type of car that you drive listed on your credit report?

• Yes
• No

My credit history does not affect my chances for renting my first apartment.

• True
• False

Routinely paying my bills late could negatively affect my credit history.

• True
• False

Tags

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