Credit Score Quiz

Credit Score Quiz

Professional Development

5 Qs

quiz-placeholder

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Credit Score Quiz

Credit Score Quiz

Assessment

Quiz

Other

Professional Development

Hard

Created by

James Hyde

Used 3+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

800

850

900

1000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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