Credit Score Infographic Flashcard

Credit Score Infographic Flashcard

Assessment

Flashcard

Mathematics

12th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a credit score?

Back

A credit score is a numerical representation of a person's creditworthiness, based on their credit history and financial behavior.

2.

FLASHCARD QUESTION

Front

What range is considered an 'Excellent' credit score?

Back

An 'Excellent' credit score typically ranges from 740 to 850.

3.

FLASHCARD QUESTION

Front

What factors influence a credit score?

Back

Factors include payment history, credit utilization, length of credit history, types of credit used, and recent credit inquiries.

4.

FLASHCARD QUESTION

Front

What is the impact of a low credit score?

Back

A low credit score can lead to higher interest rates, difficulty in obtaining loans, and potential denial of credit.

5.

FLASHCARD QUESTION

Front

What is the credit card rate for an 'Excellent' credit score?

Back

The credit card rate for an 'Excellent' credit score is typically around 11.99%.

6.

FLASHCARD QUESTION

Front

What does a 'Fair' credit score range indicate?

Back

A 'Fair' credit score typically ranges from 620 to 679, indicating some risk to lenders.

7.

FLASHCARD QUESTION

Front

What is the median credit score in the US?

Back

The median credit score in the US is 722.

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