Credit Scores

Your credit score determines how successful you will be in obtaining a loan

• True

• False

Tags

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Which one of these is NOT one of the 3 main Credit Bureaus?

• Equifax

• Experian

• FICO

• TransUnion

What is the most important factor of a credit score?

• Types of credit

• Payment History

• Amount of debt

• Inquires

A high credit score means you will have the highest interest rates when applying for a loan

• True

• False

Tags

CCSS.7.RP.A.3

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

• True

• False

Tags

CCSS.6.NS.C.5

Your credit score is not configured off of which of the following:

• Payment history
• Amount owed
• GPA
• Length of credit history

Which of the following items can be found on a credit card statement?

• Payments made and new charges

• Fees and interest charged

• Year to date totals and how long it will take you to pay it off w/minimum only

• All of these

Which of the following may request your credit report?

• Insurance companies

• Banks

• Your landlord

• Al of the above

What does a credit score represent?

• The amount of years a person has been paying a loan.

• The amount of credit cards a person has.

• The credit history of a person.

• The amount of money a person has saved.

You can help getting approved for a loan by using a

• Helper

• Co-Signer

• Credit card

• FICO Score

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4