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Questions and Answers
Which of the following actions may negatively influence your credit score?
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?
How many credit reports can you receive for free every twelve months?
- Two
- Three (correct)
- One
- Four
Why is building good credit essential?
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?
What is the first step in building good credit?
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How often can you receive each of your credit reports for free?
How often can you receive each of your credit reports for free?
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