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WorksheetsCredit Score and Credit Report
Total questions: 18
Worksheet time: 16mins
Which of the following is considered a 'Very Poor' credit score?
300-499
500-600
601-660
661-780
Which of the following actions can raise your credit score?
Pay bills late
Skip payments
Pay bills on time
Bankruptcy
Which of the following actions can lower your credit score?
Pay bills on time
Owe 25% or less of total credit
Skip payments
Have mistakes removed
How long does information stay on your credit report?
1-2 years
3-5 years
7-10 years
15-20 years
Match the following items to the correct category in a credit report:
Name
Personal
Credit score
Credit Info
Liens on houses
Public Records
Which of the following is NOT included in the 'Personal' section of a credit report?
Name
Birthdate
Credit score
Address
You must be at least 18 years old to get a credit card and start building your credit history.
True
False
Which of the following is included in the 'Credit Info' section of a credit report?
Lawsuits
Account balances
Phone number
Foreclosures
Which of the following statements is true about credit cards?
Money is borrowed from a lender and must be paid back.
Money comes straight out of your checking account.
You never get a bill every month.
It does not affect your credit score.
Which of the following statements is true about debit cards?
A) Money is borrowed from a lender.
B) Money comes straight out of your checking account.
C) You get charged interest if not paid in full.
D) It affects your credit score.
You can have more than one credit card.
True
False
Which card requires you to save money to buy right now?
Credit card
Debit card
If your debit card is stolen, what could happen?
Lender may not charge you.
Your bank account could be emptied.
It affects your credit score.
You get a bill every month.
Debit cards never charge interest, but the bank may charge monthly.
True
False
Organize these options into the right categories.
4 ANSWERS IN EACH CATEGORY!
Get a bill each month
no interest if paid in full
You don't have to have the money right now
affects your credit score
get a statement each month
never any interest
must save money to buy right now
does not affect your credit score
Match the following
CREDIT
money is borrowed from a lender
DEBIT
money comes from checking account
CREDIT SCORE
A number ranging from
300-850
Organize these options into the right categories
3 in each category!
name
birthdate
social security number
credit score
credit limits
open and close dates
foreclosures
bankruptcies
lawsuits
I am in Mrs. (a) 's class.
