Credit Score for PF 1

An "Excellent" Credit Score is in the range of:

• 300-579

• 750-850

• 900-999

• 600-749

Your credit score determines how likely you are to be able to get a loan

• True

• False

The highest credit score possible is:

• 1600

• 1000

• 850

• 700

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

• True

• False

What type of credit score is 570?

• Average

• Great

• Poor

• Excellent

If you never plan to get a loan ever, do you still need to worry about your credit score?

• No, because they are mainly used for loans

• Yes, because they are used for other things too

In Michigan it is legal for car insurance companies to charge you more if you have a bad credit score.

• False

• True

In Michigan it is legal to charge you more at the grocery store if you have a bad credit score.

• False

• True

If you have a bad credit score, some places will not rent you an apartment.

• true

• false

If you have never had to get a loan, you will have a good credit score.

• true

• false