Credit Score Savvy
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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%</p> Signup and view all the answers

    What is the range of credit scores?

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

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

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

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