Credit and Debt Knowledge Quiz

A measurement of your outstanding debt divided by your total available credit; a general rule of thumb is to keep this under 30%.

• Amounts Owed

• Credit History

• Credit Report

• Credit Score

• Credit Utilization Rate

A record of a person's use of credit over time; 15% of your credit score is based on the length of your credit history.

• Amounts Owed

• Credit History

• Credit Report

• Credit Score

• Credit Utilization Rate

Something, typically money, that you owe to a person or a business.

• Amounts Owed

• Credit History

• Credit Report

• Credit Score

• Debt

A three-digit number (ranging from 300-850) based on an individual's credit history detailed in a credit report.

• Amounts Owed

• Credit History

• Credit Report

• Credit Score

How much you owe each creditor individually and in total; 30% of your credit score is based on this.

• Amounts Owed

• Credit History

• Credit Report

• Credit Score

• Credit Utilization Rate

A method of debt repayment whereby the borrower prioritizes paying down debts with the smallest balances first.

• Debt

• Debt Snowball Method

• FICO Score

• High Rate Method

• Payment History

The most commonly used credit score.

• Amounts Owed

• Credit History

• Credit Report

• Credit Score

• FICO Score

A document with information about a person’s credit activity and history.

• Amounts Owed

• Credit History

• Credit Report

• Credit Score

• Credit Utilization Rate

A history of the payments you have made on all credit you have obtained; 35% of your credit score is based on this.

• Amounts Owed

• Credit History

• Credit Report

• Credit Score

• Payment History

A method of debt repayment whereby the borrower prioritizes paying down debts with the highest interest rates first.

• Debt

• Debt Snowball Method

• FICO Score

• High Rate Method

• Payment History