Credit Score Improvement Quiz

What is a credit score often compared to?

• A savings account

• A bank statement

• A loan agreement

• A financial report card

Which action has the most significant impact on your credit score?

• Checking your credit report

• Paying bills on time

• Opening new credit accounts

• Closing old credit accounts

What is the recommended credit utilization percentage to maintain?

• 50%

• 70%

• 90%

• 30%

What is a potential benefit of becoming an authorized user on someone else's account?

• Ability to apply for loans in their name

• Improved credit score from their good habits

• Access to their bank account

• Free credit card usage

Why should you limit hard inquiries on your credit report?

• They increase your credit score

• They have no effect on your credit score

• They can temporarily lower your credit score

• They permanently damage your credit score