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Questions and Answers
When is the best time to start building credit?
When is the best time to start building credit?
- After you turn 30
- After you graduate college
- You can start now (correct)
- After you have a full-time job
How long does it typically take to have a credit score in the mid to high 600s with good credit habits?
How long does it typically take to have a credit score in the mid to high 600s with good credit habits?
- 5 years
- 1 year
- 3 years (correct)
- 10 years
What are some ways to establish credit for the first time?
What are some ways to establish credit for the first time?
- Pay off all your debts
- Become an authorized user (correct)
- Avoid taking out loans
- Open multiple credit cards
Which act promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies?
Which act promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies?
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What is the purpose of a secured credit card?
What is the purpose of a secured credit card?
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What is a co-signer responsible for on a loan?
What is a co-signer responsible for on a loan?
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What happens to the deposit made for a secured credit card when the account is closed?
What happens to the deposit made for a secured credit card when the account is closed?
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