Credit Score Quiz

What is a credit score?

• The total amount of money a person has

• A numerical representation of a person's creditworthiness

• The number of credit cards a person owns

• The sum of a person's monthly income

Which of the following factors typically influences a credit score the most?

• Length of credit history

• Types of credit in use

• New credit accounts

• Payment history

How often are individuals entitled to receive a free credit report from each of the major credit bureaus?

• Once a year

• Twice a year

• Every month

• Only upon request

What is the highest possible credit score according to the FICO credit scoring model?

• 800

• 850

• 900

• 1000

Which of the following actions is likely to have a positive impact on your credit score?

• Closing an old credit card account

• Paying bills late

• Opening multiple new credit accounts in a short period

• Keeping credit card balances low relative to credit limits