S24TH 2nd Half - Spring Final

If your only debt is a credit card, and you are maxed out on that card, your debt-to-equity ratio is ____ % .

• 30
• 20
• 100

A good debt-to-equity ratio is ____ % or less.

• 30
• 20
• 100

Soft pulls will be on your credit report for ____ years.

• 2
• 7
• 10
• None of these

Hard pulls will be on your credit report for ____ years.

• 2
• 7
• 10
• None of these

Late payments will be on your credit report for ____ years.

• 2
• 7
• 10
• None of these

Bankruptcy will be on your credit report for ____ years.

• 2
• 7
• 10
• None of these

Generally, the riskier you look to lenders, the ____ your interest rate will be.

• Higher
• Lower

Your payment history makes up ___ % of your credit score.

• 10
• 20
• 30
• 35

Your debt-to-credit ratio (aka credit utlization rate) makes up ___ % of your credit score.

• 10
• 20
• 30
• 35

_____ % is considered a good debt to credit ratio.

• 10
• 20
• 30
• 35