Does my credit score matter?

What is the range for a "Good" credit score according to the document?

• 300-579

• 581-669

• 670-739

• 740-799

Why is having a good credit score important?

• It guarantees a job.

• It makes you a low-risk borrower.

• It increases your salary.

• It ensures free housing.

What is the impact of a poor credit score on loan terms?

• Lower interest rates

• Higher interest rates

• Guaranteed approval

• No impact

Which of the following actions can improve your credit score?

• Missing payments

• Keeping balances high

• Paying bills on time

• Applying for many new accounts

What is the credit score range for "Exceptional"?

• 740-799

• 800+

• 670-739

• 581-669

What might a landlord require if you have a poor credit score?

• Lower rent

• No deposit

• Higher security deposit

• Free utilities

What is a credit score?

• A measure of your income

• A three-digit number from your credit report

• A list of your assets

• A type of bank account

What is the lowest category for a credit score?

• Fair

• Good

• Poor

• Very Good

What should you do if you can't pay the full amount of your credit card balance?

• Ignore the bill

• Pay the minimum monthly payment

• Close the account

• Apply for a new card

What is the effect of applying for many new accounts in a short period?

• Improves credit score

• No effect

• Can harm credit score

• Guarantees better terms