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8 Qs

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Credit scores

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Assessment

Quiz

Professional Development, Life Skills, Special Education

Professional Development

Medium

Created by

Ana BJG

Used 35+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does a credit score represent?

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

Media Image

A low credit score indicates that the person is financially responsible.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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A high credit score heightens the persons chances of getting a loan.

True

False

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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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

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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

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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

Media Image

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

Media Image

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