Credit Score Impacts Challenge

Making a late payment!

• Increase Credit Score

• No Change to Score

• Decrease Credit Score

Apply for 3 new credit cards.

• Increase Credit Score

• No Change to Score

• Decrease Credit Score

Buy a card entirely in cash

• Increase Credit Score

• No Change to Score

• Decrease Credit Score

Get a new job with a higher paycheck.

• Increase Credit Score

• No Change to Score

• Decrease Credit Score

Only borrow installment loans

• Increase Credit Score

• No Change to Score

• Decrease Credit Score

File Chapter 7 bankruptcy.

• Increase Credit Score

• No Change to Score

• Decrease Credit Score

Add a mortgage to your credit mix.

• Increase Credit Score

• No Change to Score

• Decrease Credit Score

Win the Lottery!

• Increase Credit Score

• No Change to Score

• Decrease Credit Score

Reduce your credit utilization to 15%.

• Increase Credit Score

• No Change to Score

• Decrease Credit Score

Pay your child's babysitter on time.

• Increase Credit Score

• No Change to Score

• Decrease Credit Score