What does a credit score represent?
Credit scores

Quiz
•
Professional Development, Life Skills, Special Education
•
Professional Development
•
Medium
Ana BJG
Used 35+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of years a person has been paying a loan.
The amount of credit cards a person has.
The credit history of a person.
The amount of money a person has saved.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A low credit score indicates that the person is financially responsible.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A high credit score heightens the persons chances of getting a loan.
True
False
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following companies are credit bureaus? You can select multiple options.
Equifax
BAC Credomatic
Parabellum Inc.
TransUnion
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following factors are taken into account when calculating a credit score? You can select multiple options.
New Credit
Types of Accounts
Length of History
Payment History
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following intervals exemplifies excellent credit scores?
300-549
550-649
700-749
750-850
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
8.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
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
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