Podcast
Questions and Answers
If your credit score is below 600, what type of credit risk are you considered by lenders? (Understanding Credit Score )
If your credit score is below 600, what type of credit risk are you considered by lenders? (Understanding Credit Score )
- No risk
- Low risk
- Moderate risk
- High risk (correct)
What are three ways you can boost your credit score? (Understanding Credit Score )
What are three ways you can boost your credit score? (Understanding Credit Score )
- Keep balances high on credit cards
- Pay bills late
- Pay off accounts
- Apply for and open new credit accounts frequently
- Pay bills on time
- Keep balances low on credit cards (correct)
What are four benefits of having good credit? (Understanding Credit Score )
What are four benefits of having good credit? (Understanding Credit Score )
- Approval for insurance
- Ability to borrow higher amounts (correct)
- Higher deposits required by utilities
- Approval for apartments
- Approval by an employer
- Higher interest rates
- Better credit cards, car loans, and mortgage offers
- Slower credit approvals
If your credit score is above 700, what type of credit risk are you considered? (Understanding Credit Score )
If your credit score is above 700, what type of credit risk are you considered? (Understanding Credit Score )
To raise your credit score by 50 points, what action could you take? (Understanding Credit Score )
To raise your credit score by 50 points, what action could you take? (Understanding Credit Score )
True or false: A credit score below 600 is considered low risk to lenders. (Understanding Credit Score )
True or false: A credit score below 600 is considered low risk to lenders. (Understanding Credit Score )
True or false: Paying off accounts can raise your credit score by 80 points. (Understanding Credit Score )
True or false: Paying off accounts can raise your credit score by 80 points. (Understanding Credit Score )
True or false: To raise your credit score by 260 points, you would need to take multiple actions. (Understanding Credit Score )
True or false: To raise your credit score by 260 points, you would need to take multiple actions. (Understanding Credit Score )
Match the credit score range with the corresponding risk to lenders: (Understanding Credit Score )
Match the credit score range with the corresponding risk to lenders: (Understanding Credit Score )
Match the following actions with their potential credit score change: (Understanding Credit Score )
Match the following actions with their potential credit score change: (Understanding Credit Score )
Match the benefits with having good credit: (Understanding Credit Score )
Match the benefits with having good credit: (Understanding Credit Score )
Where does Joe Smith work? (Credit Report Example)
Where does Joe Smith work? (Credit Report Example)
What is Joe's previous address? (Credit Report Example)
What is Joe's previous address? (Credit Report Example)
What did Joe have to file for on 12/1? (Credit Report Example)
What did Joe have to file for on 12/1? (Credit Report Example)
What three credit cards does Joe have? (Credit Report Example)
What three credit cards does Joe have? (Credit Report Example)
What other debt does Joe have besides credit card debt? (Credit Report Example)
What other debt does Joe have besides credit card debt? (Credit Report Example)
Joe Smith's social security number is 100-10-0001.
Joe Smith's social security number is 100-10-0001.
Joe Smith filed for bankruptcy on 12/01.
Joe Smith filed for bankruptcy on 12/01.
Joe Smith has $20,400 in liabilities.
Joe Smith has $20,400 in liabilities.
Match the following information about Joe Smith with the correct details: (Credit Report Example)
Match the following information about Joe Smith with the correct details: (Credit Report Example)
Match the following credit account information with the correct details: (Credit Report Example)
Match the following credit account information with the correct details: (Credit Report Example)
Match the following entities with the reason they are mentioned in Joe Smith's credit report: (Credit Report Example)
Match the following entities with the reason they are mentioned in Joe Smith's credit report: (Credit Report Example)
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