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WorksheetsCredit Review
Total questions: 10
Worksheet time: 6mins
If your credit is not good, you are viewed as a credit risk.
True
False
If you do not have a strong credit score, which could be a consequence? (select all that apply)
You will eventually file bankruptcy due to debt
Being denied for the line of credit you applied for
larger down payment requirement
high interest rates
Which is action is suggested to keep your credit score healthy? (select two)
Make payments on time
Keep your utilization low
Apply for as many credit cards as possible to start building your credit
Apply for several new account in a short amount of time
After how many days LATE will a company send the notice to the credit bureau?
5 days
7 days
15 days
30 days
Which is an example of " closed-end credit"?
Auto loan
Discover Credit Card
Frontier WiFi
Carnival Master Card
A credit score of 580 is considered...
Poor
Fair
Good
Excellent
Ms. N recommends to co-sign on loans for your friends and family.
True
False
Which is an example of "service credit"?
Frontier WiFi
Discover Master Card
Auto Loan
Capital One Credit Card
What is a risk of having a credit card?
Collecting reward points
Overspending and becoming in debt
Building a strong credit score
People may ask to borrow your card.
Which are advantages of having a healthy credit score? (select all that apply)
Lower interest rates
Better odds of getting approved for future lines of credit
lower security deposits/down payments
higher interest rates
