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Credit Score Day 2

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

What does credit measure?

a)

How likely someone is to pay back a loan

b)

How well someone has made payments in the past

c)

How trustworthy someone is with money

d)

All of the above

2.

When do you need credit?

a)

When you apply for a loan

b)

When you apply for a credit card

c)

When you apply for a house

d)

All of the above

3.

What does bad credit say about you?

a)

That you are hard to trust with a loan or

credit card

b)

That you do not make much money

c)

That you are young

4.

What does good credit say about you?

a)

That you make a lot of money

b)

That you have many credit cards

c)

That you are easy to trust with a loan or

credit card

5.

What would a 622 credit score be considered?

a)

Bad

b)

Fair

c)

Good

d)

Excellent

6.

What range of scores describes people with “good” credit?

a)

350 – 619

b)

620 – 659

c)

660 – 749

d)

750 – 850

7.

What would a 425 credit score be considered?

a)

Bad

b)

Fair

c)

Good

d)

Excellent

8.

Your Credit Score could effect whether or not you can rent an apartment

a)

True

b)

False

9.

A good way to build credit is to open as many credit cards as you can

a)

True

b)

False