Credit Scores

Your credit score determines how successful you will be in obtaining a loan

• True

• False

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Which one of these is NOT one of the 3 main Credit Bureaus?

• Equifax

• Experian

• FICO

• TransUnion

Hard Inquires lower your credit score

• True

• False

What is the most important factor of a credit score?

• Types of credit

• Payment History

• Amount of debt

• Inquires

The highest FICO score possible is:

• 1600

• 1000

• 850

• 700

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CCSS.HSN.CN.A.2

A high credit score means you will have the highest interest rates when applying for a loan

• True

• False

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CCSS.7.RP.A.3

Applying for a credit card only affects your credit score if you use the card.

• True

• False

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CCSS.6.NS.C.5

Payment history accounts for around _______ of your credit score.

• 1/2

• 3/4

• 35%

• 90%

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CCSS.3.NF.A.1

CCSS.3.NF.A.2B

Which of these show your credit history?

• Credit score

• Credit report

• Both

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CCSS.5.NBT.A.2

Your credit score is not configured off of which of the following:

• Payment history
• Amount owed
• GPA
• Length of credit history