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Questions and Answers
If your credit score is below 600, what type of credit risk are you considered by lenders?
If your credit score is below 600, what type of credit risk are you considered by lenders?
- No risk
- Low risk
- Moderate risk
- High risk (correct)
Based on the text, what are three ways you can boost your credit score?
Based on the text, what are three ways you can boost your credit score?
- Keep high balances on credit cards
- Miss payments
- Pay your bills on time (correct)
- Apply for new credit accounts
What are four benefits of having good credit?
What are four benefits of having good credit?
- Reduced deposits for utilities (correct)
- Better insurance options
- Higher interest rates
- Slower credit approvals
If your credit score is above 700, what type of credit risk are you considered by lenders according to the text?
If your credit score is above 700, what type of credit risk are you considered by lenders according to the text?
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To raise your credit score by 50 points, what action could you take according to the text?
To raise your credit score by 50 points, what action could you take according to the text?
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To raise your credit score by 80 points, what action could you take according to the text?
To raise your credit score by 80 points, what action could you take according to the text?
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What actions would you need to take to raise your credit score by 260 points?
What actions would you need to take to raise your credit score by 260 points?
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What is the general range for credit scores?
What is the general range for credit scores?
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What is one benefit of good credit?
What is one benefit of good credit?
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What should you do if you have missed payments?
What should you do if you have missed payments?
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