10 Questions
If your credit score is below 600, what type of credit risk are you considered by lenders?
High risk
What are three ways you can boost your credit score?
Pay bills on time, keep credit card balances low, apply for new credit accounts only when needed
What are four benefits of having good credit?
Lower interest rates, faster credit approvals, lower deposits required by utilities, insurance approvals
If your credit score is above 700, what type of credit risk are you considered?
Low risk
To raise your credit score by 50 points, what action could you take?
Pay down credit balance
To raise your credit score by 80 points, what action could you take?
Pay off accounts
What actions would you need to take to raise your credit score by 260 points?
Pay all overdue payments and keep loan current
What is the general range for credit scores?
300-850
What is the recommended approach for applying for new credit accounts?
Apply for new credit accounts only when needed
How long should you pay your bills on time to improve your credit score?
Six months
Test your knowledge on credit scores and their impact on your financial life with this informative quiz. Learn about the general credit score range, the benefits of having a good credit score, and how it can affect your interest rates, credit approvals, utility deposits, and insurance applications. Find out if you're a credit score expert or if there's more to learn!
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