9 Side Effects of a Low Score

What is the primary focus of the article?

• Investment strategies for beginners

• Travel and technology reviews

• The impact of bad credit and how to improve it

• Comparing different types of insurance

What can a 'bad' credit score prevent you from qualifying for?

• Social media accounts

• Online courses

• A gym membership

• The best credit cards

How might a low credit score affect your car insurance premiums?

• You get a discount

• You may pay higher premiums

• It only affects motorcycle insurance

• No impact

What is one way to potentially improve your credit score?

• Ignoring past due bills

• Applying for more credit cards every month

• Making on-time payments

• Closing all your credit card accounts

What is considered a 'bad' credit score according to FICO?

• 300 – 579

• 740 – 799

• 580 – 669

• 670 – 739

Which of the following is NOT a side effect of having a low credit score?

• Higher insurance premiums

• Difficulty renting a place

• Easier access to loans

• Paying more for auto and personal loans

What is the average FICO credit score of Americans as mentioned in the article?

• 715

• 650

• 780

• 560

How can checking your credit report help improve your credit score?

• It automatically increases your score

• You can find and fix errors

• Checking your report lowers your credit utilization

• It offers free financial advice

What factor accounts for 35% of your FICO score?

• Payment history

• Total debt

• Credit utilization

• Number of open accounts

What is the recommended credit utilization ratio to aim for?

• Below 10%

• Above 75%

• Exactly 50%

• Below 30%