Unit 3 - Credit Cards and Credit Scores

How many major credit bureaus are there in the United States?

• 1

• 2

• 3

What are TWO things that are easier to get if you have a good credit score.

What should you set up if you struggle to remember to pay your credit card bills (or bills in general) on time?

Which TWO things should you do in order to help your credit utilization?

• Sign up for more credit cards

• Try to pay off your bill early each month

• Ask your bank for a credit line increase

T/F: You shouldn't close out your old credit card accounts unless you absolutely have to?

• True

• False

T/F: Applying for a new credit card or loan DOES NOT reduce your credit score

• True

• False

T/F: There are credit cards specifically designed for people who have little to no credit history?

• True

• False

T/F: Errors CANNOT be made on your credit score.

• True

• False