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Mastering Credit 103

Authored by Tayvon Carr

Business

Professional Development

Used 3+ times

Mastering Credit 103
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered a 'bad' credit score range?

300-579

800-850

580-669

670-799

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which credit score range is classified as 'excellent'?

670-799

580-669

800-850

300-579

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main categories of credit scores?

Subprime, Prime, Super Prime

Poor, Fair, Good

Low, Medium, High

Basic, Advanced, Expert

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the approval rate for super prime credit scores when applying for a credit card?

84%

50%

19%

100%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor makes up 35% of your credit score?

New Credit

Credit Utilization

Payment History

Length of Credit History

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most influential factor in determining your credit score?

Credit Mix

Credit Utilization

New Credit

Payment History

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long does a late payment stay on your credit report?

7 years

5 years

3 years

1 year

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