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WorksheetsManaging Credit. Part 1
Total questions: 10
Worksheet time: 10mins
What type of credit score is this 570?
Average
Great
Poor
Excellent
What is the most important factor of a credit score?
Types of credit
Payment History
Amount of debt
Inquires
A credit score is
a standardized measurement of a person’s potential to repay a debt.
a standardized measurement of a person’s income potential
What does bad credit say about you?
That you are hard to trust with a loan or
credit card
That you do not make much money
That you are young
What does credit measure?
How likely someone is to pay back a loan
How well someone has made payments in the past
How trustworthy someone is with money
All of the above
What would a 622 credit score be considered?
Bad
Fair
Good
Excellent
What range of scores describes people with “good” credit?
350 – 619
620 – 659
660 – 749
750 – 850
