Managing Credit. Part 1

Which of the following is one of the 3 nationally recognized credit bureaus?

• Equifax
• Federal Reserve
• Postal Office
• Grocery Store

Your credit score is not configured off of which of the following:

• Payment history
• Amount owed
• GPA
• Length of credit history

Which of the following may request your credit report?

• insurance companies
• your employer
• your landlord
• all of the above

What type of credit score is this 570?

• Average

• Great

• Poor

• Excellent

What is the most important factor of a credit score?

• Types of credit

• Payment History

• Amount of debt

• Inquires

A credit score is

• a standardized measurement of a person’s potential to repay a debt.

• a standardized measurement of a person’s income potential

What does bad credit say about you?

• That you are hard to trust with a loan or

  credit card

• That you do not make much money

• That you are young

What does credit measure?

• How likely someone is to pay back a loan

• How well someone has made payments in the past

• How trustworthy someone is with money

• All of the above

What would a 622 credit score be considered?

• Bad

• Fair

• Good

• Excellent

What range of scores describes people with “good” credit?

• 350 – 619

• 620 – 659

• 660 – 749

• 750 – 850