Credit Score Savvy

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

What is a credit score?

  • A number that indicates how much interest you will have to pay on your loans and credit cards.
  • A three-digit number calculated by credit bureaus that determines your creditworthiness. (correct)
  • A number that shows how much money you owe on your loans and credit cards.
  • A number that represents the total amount of credit you have available.

What is the range of credit scores?

  • 0-100
  • 300-850 (correct)
  • 500-1000
  • 1000-1500

What percentage of a credit score is based on payment history?

  • 30%
  • 10%
  • 35% (correct)
  • 15%

What percentage of a credit score is based on payment history?

<p>35% (D)</p> Signup and view all the answers

What is the range of credit scores?

<p>300-850 (C)</p> Signup and view all the answers

What is the least important factor in calculating a credit score?

<p>Types of credit used (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Credit Score 101
10 questions

Credit Score 101

SupportivePelican avatar
SupportivePelican
Credit Score Update in Mobile App
12 questions
Credit Score and Mortgage Approval
10 questions
Use Quizgecko on...
Browser
Browser