Credit Score game

what is a credit score?

• A 3 digit number between 300 and 850 that represents your credit risk

• Credit Score does not predict your credit behavior

• A 3 digit number between 350 and 850 that represents your credit risk

what is credit utilization rate?

• the representation of the amount of revolving credit you are using multiplied by the total credit available for you

• Credit utilization is not the sum of all your balances

• the representation of the amount of revolving credit you are using divided by the total credit available for you

how does a persons credit score determine their ability to borrow?

• Credit score is based on your credit history

• a borrower with a high risk score statistically presents less risk to the leader

• credit score is not based on your credit history

it is a good idea to borrow when you have a very good credit score and are in good financial ____

• Health

• payments

• resource

• all of the above

A thin time can cause a difficult time to obtain credit or be approve by a

why is it important to build a credit history from a young age

• lenders will look for a track record of responsible credit usage

• lack of credit history can cause difficulties to get approved for loans or credit cards

• it puts you in a great advantage for the future

• all of the above

how often should you check your credit score and credit report

• 12 months

• 7 months

• 3 months

how cana person build or improve their credit score

• pay debts on time

• get credit for rent and utility payments

• do not become a authorized user