WorksheetsCredit Scores
Total questions: 12
Worksheet time: 7mins
A law that protects consumers from discrimination in the granting or denying of credit
Equal Credit Opportunity Act
Constitution Of the United States
Roe vs Wade
Credit Act of 1929
The most commonly used credit score
FICO Score
Social security Number
Home Address
Date of Birth
A history of the payments you have made on all credit you have obtained; 35% of your credit score is based on this
Credit History
Default
Collections
Interest paid
Your credit score is NOT configured off of which of the following:
What type of credit score is this 399?
Average
Great
Poor
Excellent
Which is an excellent credit score?
672
555
713
825
Your credit score determines how successful you will be in obtaining a loan
True
False
What is a reason you would want to have a good credit score?
You can qualify for better interest rates on loans
You get a prize each year if your score is over 500
You don't have to pay as much for goods and services if you have a good credit score
You get more friends
FICO stands for:
Freeway Incident Car Overturned
Fair Intrinsic Corporation
Fair Isaac Corporation
Fred Isaac Company
FICO Scores range from:
0-1000
0-850
200-800
300-850
If you want to improve your Credit Utilization Rate, use no more than what amount of your available credit?
50%
30%
60%
70%
A term used to describe someone with little to no credit history
High Rate Method
Annual Percentage Rate (APR)
Bankruptcy
Thin File
