What Is a Credit Score ? / Does My Credit Score Matter Quiz

How does a credit score indicate creditworthiness?

(2-3 sentences in your own words)

Why might a person have three different credit scores?

(2-3 sentences in your own words)

How do lenders use credit scores?

(2-3 sentences in your own words)

What percentage of impact does the payment history impact a person's credit score?

• 10%

• 35%

• 15%

• 30%

What percentage of impact does the credit inquiries impact a person's credit score?

• 15%

• 35%

• 30%

• 10%

What percentage of impact does the length of credit history impact a person's credit score?

• 10%

• 30%

• 15%

• 35%

What percentage of impact does the types of credit impact a person's credit score?

• 35%

• 15%

• 10%

• 30%

What percentage of impact does the total amount owed impact a person's credit score?

• 35%

• 10%

• 30%

• 15%

Explain how a person's credit score can affect different aspects of his/ her life?

(3-4 sentences in your own words)

What impact does a poor credit score have on a person's financial life?

(3-4 sentences in your own words)