WorksheetsCredit Scores
Total questions: 12
Worksheet time: 6mins
The more credit cards you have, the better.
True
False
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 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
Your credit score determines how successful you will be in obtaining a loan
True
False
What is the most important factor of a credit score?
Types of credit
Payment History
Amount of debt
Inquires
Which of the following may request your credit report?
Insurance companies
Banks
Your landlord
Al of the above
Which of the following probably has the highest credit score? Assume that all of them have made regular monthly payments on time.
An 18 year old college freshman
A 20 year old waitress with two active credit cards
A 40 year old business owner with two cars, a house, and four active credit cards
A 50 year old with five credit cards who rents his house.
You can help getting approved for a loan by using a
Helper
Co-Signer
Credit card
FICO Score
Which best explains what a credit score represents?
A number expressing how likely you are to rob a bank
A rating expressing how likely you are to repay your debts
A number expressing your yearly income
A number expressing how much money is in your bank account
