CREDIT Scores!

CREDIT Scores!

9th - 12th Grade

10 Qs

quiz-placeholder

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CREDIT Scores!

CREDIT Scores!

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Medium

Created by

Whitney Baker

Used 14+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the range of a credit score?

0-1000

300-850

700-1000

150-800

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What maximum % of your total credit limit should you be using at any given time?

15%

20%

25%

30%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action contributes to the highest portion of the factors that build your credit score?

Payment history

New credit

Age of accounts

Your personal information

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the 3 credit reporting agencies?

Transunion

Equifax

Experian

Credit Karma

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit report?

A 3-digit number that represents your credit worthiness

A detailed account of your debt accounts and payment history

A stack of reference letters

An application for a credit card, mortgage or personal loan

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit score?

A 3-digit number that represents your credit worthiness

A detailed account of your debt accounts and payment history

A stack of reference letters

An application for a credit card, mortgage or personal loan

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Why do you need credit?

To get approved to rent an apartment

To get approved for a home loan

To get approved for a car loan

To get a good interest rate on a car loan

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