SSPFL5 TEST

1. What is a credit score?

1. What do the Numbers Mean? 

Scores: 

Below 580 _____________________ 

580-669 _____________________ 

670-739 _____________________ 

740-799 _____________________ 

800+ _____________________ 

1. How can you improve your credit score?

What is the definition of term?

Collateral is something owned offered as security on a debt.

• True

• False

What is a secured credit card?

Without a FICO score, an extra deposit maybe required.

• True

• Falso

A statistical number used to represent a consumer's credit worthiness.

A company that collects credit rating information and makes it available to creditors is called the

These are considered common credit card fees are

• annual fees

• balance transfer fees

• late payment fees

• returned payment fees