Podcast
Questions and Answers
Which category is the most important in determining a person's credit score?
Which category is the most important in determining a person's credit score?
- New credit
- Length of credit history
- Payment history (correct)
- How much you owe
What is the range of credit scores?
What is the range of credit scores?
- 200-700
- 300-850 (correct)
- 500-950
- 400-900
Which category looks at the amounts you owe on all of your accounts?
Which category looks at the amounts you owe on all of your accounts?
- Payment history
- New credit
- How much you owe (correct)
- Length of credit history
Which category rewards points for having a longer history of using credit responsibly?
Which category rewards points for having a longer history of using credit responsibly?
Which organizations maintain records on everyone's credit activity and habits?
Which organizations maintain records on everyone's credit activity and habits?
Which company originally created the credit score formula?
Which company originally created the credit score formula?
What is a credit score?
What is a credit score?
What range do credit ratings typically fall into?
What range do credit ratings typically fall into?
What are some benefits of having a good credit rating?
What are some benefits of having a good credit rating?
In addition to lenders, who else may use a person's credit score?
In addition to lenders, who else may use a person's credit score?
True or false: Payment history is the least important category in determining a person's credit score.
True or false: Payment history is the least important category in determining a person's credit score.
True or false: Creating new credit accounts can positively impact your credit score.
True or false: Creating new credit accounts can positively impact your credit score.
True or false: The credit bureaus are responsible for issuing credit reports to lenders.
True or false: The credit bureaus are responsible for issuing credit reports to lenders.
Match the following categories with their impact on credit score:
Match the following categories with their impact on credit score:
Match the following credit score ranges with their ratings:
Match the following credit score ranges with their ratings:
Match the following organizations with their role in credit scoring:
Match the following organizations with their role in credit scoring:
