Credit Scores

Credit Scores

9th Grade - University

12 Qs

quiz-placeholder

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Credit Scores

Credit Scores

Assessment

Quiz

Business

9th Grade - University

Medium

Created by

Frank Balestriere

Used 10+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A report that details how a person has used credit in the past is called a ___________________.

report card

credit card statement

credit report

savings account statement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these activities are credit scores commonly used for?

To determine you eligibility for government welfare assistance.

To help lenders determine whether or not to give you a loan.

To help lenders determine how much interest to charge you.

Both b and c.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit scores are also known as FICO scores.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit score is a numeric score that measure what?

How likely I am to repay a loan on time.

How much income I earn compared to peers.

How well I perform in school and work.

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your FICO score ranges from...

350-850

300-850

200-800

300-800

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these credit scores would you prefer?

525

701

801

861

954

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your friend confides in you that he has a low credit score. What is the single best way for him to improve his score?

Pay bills on time

Cancel his credit cards

Get a car loan

Check his credit score

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