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WorksheetsCredit scores
Total questions: 8
Worksheet time: 5mins
What does a credit score represent?
The amount of years a person has been paying a loan.
The amount of credit cards a person has.
The credit history of a person.
The amount of money a person has saved.
A low credit score indicates that the person is financially responsible.
True
False
A high credit score heightens the persons chances of getting a loan.
True
False
Which of the following companies are credit bureaus? You can select multiple options.
Equifax
BAC Credomatic
Parabellum Inc.
TransUnion
Which of the following factors are taken into account when calculating a credit score? You can select multiple options.
New Credit
Types of Accounts
Length of History
Payment History
Which of the following intervals exemplifies excellent credit scores?
300-549
550-649
700-749
750-850
Read the following situation:
Gloria has a credit card with a limit of $5000. Every month she uses up at least 90% of her credit and pays interest rates because she cannot cover the full amount monthly. Are Gloria's credit habits going to help her get a high score?
Yes
No
Which of the following are good credit habits? You can select multiple options.
Missing payments
Avoid exceeding your credit limits
Not spending more than you can afford
Making payments above the minimum
