Credit Myth Busters
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following actions may negatively influence your credit score?

  • Closing an old account (correct)
  • Opening a new account
  • Requesting a credit limit increase
  • Making on-time payments

    • How many credit reports can you receive for free every twelve months?

  • Two
  • Three (correct)
  • One
  • Four

    • Why is building good credit essential?

  • To receive more credit card offers
  • To increase your income
  • To achieve financial stability (correct)
  • To qualify for a mortgage

    • What is the first step in building good credit?

    <p>Reviewing your credit report</p> Signup and view all the answers

    How often can you receive each of your credit reports for free?

    <p>Once every twelve months</p> Signup and view all the answers

    More Like This

    Credit and Debt History Flashcards
    20 questions

    Credit and Debt History Flashcards

    VeritableSparkle avatar
    VeritableSparkle
    Personal Finance Chapter 4: Credit Score & Bureaus
    20 questions

    Personal Finance Chapter 4: Credit Score & Bureaus

    SpellboundEllipsis avatar
    SpellboundEllipsis
    Understanding Credit Scores and Lending Practices
    37 questions

    Understanding Credit Scores and Lending Practices

    PromisingStonehenge avatar
    PromisingStonehenge
    Credit Management Quiz
    11 questions

    Credit Management Quiz

    SlickBinary8749 avatar
    SlickBinary8749
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser