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Does my credit score matter?

Business

11th Grade

Used 1+ times

Does my credit score matter?
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

300-579

581-669

670-739

740-799

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Lower interest rates

Higher interest rates

Guaranteed approval

No impact

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following actions can improve your credit score?

Missing payments

Keeping balances high

Paying bills on time

Applying for many new accounts

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the credit score range for "Exceptional"?

740-799

800+

670-739

581-669

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Lower rent

No deposit

Higher security deposit

Free utilities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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