Credit Cards

Which one below is an example of a common credit mistake?

• Closing credit accounts
• Maxing out credit cards
• Regularly checking credit reports
• Paying bills on time

Based on the internet, how high should your credit score be to finance a car?

• 700
• 620
• 660
• 550

Is it a mistake to reject a pre-approved limit increase on a credit card?

• NO

• YES

How does your credit score affect you as an adult?

• A higher credit score leads to higher costs and fewer opportunities
• A lower credit score can lead to better job prospects
• Your credit score can impact your ability to get loans, credit cards, rent an apartment, or get a job. A higher score can lead to better opportunities and lower costs.

• Your credit score has no impact on your financial opportunities

Which 2 below are factors that affect your credit score?

• bill payment history

• types of credit cards

• what types of loans

• number of credit inquiries

Which factor below does NOT affect your credit score?

• Income level
• where you bank

• Age
• Marital status

Which one below will definitely check your credit score?

• Applying for a loan or credit card
• Eating breakfast
• Watching a movie
• Checking your email