True or False
T/F. Credit score is a score of how good you are at saving money
False; Credit score estimates how likely you are to repay a loan and make the payments on time
what is the lowest credit score possible?
300
Dana got paid $400 in her paycheck, but owes $250 to renew her car insurance. Dana decides to only pay the $250 and use the rest of the remaining $150 on a dress to go out that night? What did Dana do wrong?
Making only mimimum payments.
what is a credit score?
a number that shows how trustworthy you are with borrowing money.
Whats the top app used for finacial purpouses?
paypall!
T/F. Banks use your credit score to assess weather or not you will pay your loans on time
True
What credit score is considered "good" or "moderate"?
670
Chris just turned 17 and wants to start up his credit, the problem is chris isn't 18. Waht can chris do to fix the problem.
Have a parent or guardian co-sign.
What hurts your credit score the most?
Late payment of 30+ days or maxing a credit card out
Arena 23
T/F. There is no limit to your credit score.
False; the highest your credit score can be is 850
If I'm late to pay my credit card by 30 days how much will my credit score go down by?
It will go down by a score of 27
Maddie really wants a new phone because all of her friends have one, so her next paycheck she spends it all on her new phone. What did maddie do wrong?
Maddie spent on impulse
How often does your credit score update?
usually once a month it will update.
What are good defensive spells
Vines,arrows,log
T/F. Banks check your credit score when opening a Savings or checking account
F; Banks do not check your credit score but they may screen your banking history.
What does your credit score need to be at to get an American Express Platinum Card?
At 680 minimum
Jr loves shopping, so everytime he goes he makes sure to open a credit account with each store. What is going to be the downfall of JR's credit.
Opening too many accounts on his credit.
If you get a hard check credit score what will happen?
Your credit score will go down a tiny bit
Whats the most goated clash royale 3 elixir card
Knight!!!
T/F. Using your credit card to fill up your tank decreases your credit score.
False; as long as your using around 30% of your max spending your credit score will go up
WHat percentage of the United states has a credit score of 800 or higher?
23%
When opening a credit account what is one thing you need to make sure to do before traveling with your card?
Make sure you can make purchases at many places overseas using your credit card.
Which effects your credit score the most?
Payment History;New credit;loans + credit cards; Length of credit history; credit utilization
Payment history - 35%
New credit-10%
loans + credit cards- 10%
Length of credit history- 30%
WHOS HIDING THE EPSTEIN FILES ?!?!?!?!?
Donlad J. Trump