Credit Score Quiz

How do lenders determine the credit risk of a person?

• FBI background investigation

• Checking their education level

• Checking their high school grades

• Checking their credit score rating

What is a credit score commonly known as?

• FFICA

• FICO

• FITO

• None of the above

For your credit score, you earn points for...

• Education

• Being respectful to others

• Making good credit decisions

• Making bad credit decisions

A good credit score allows a person to more easily...

• Borrow money

• Borrow money more cheaply

• Borrow a larger amount of money

• All of the above

A credit score may be used...

• To rent a place

• For insurance

• By an employer

• All of the above

Of the five areas used to measure a person's credit, what two areas are worth the most points?

• New credit and types of credit

• Length of credit history and new credit

• Payment history and how much you owe

• New credit and payment history

Tags

CCSS.HSS.IC.B.4

Which one below is considered the best credit rating?

• Poor

• Fair

• Good

• Excellent

Tags

CCSS.HSS.ID.B.5

The credit bureaus are organizations that...

• Maintain records on everyone's school grades

• investigate illegal credit activity

• Maintain records on everyone's credit activity and habits

• All of the above

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Select all of the following that are credit bureaus

• Equifax

• Experian

• TransUnion

• Credit National

True or False: Creating many new credit accounts will increase your credit score.

• True

• False