Credit Score Basics
What is the range of a FICO credit score?
What is 300 to 850?
What should you do if you find an error on your credit report?
What is dispute it with the credit bureau?
How many major credit bureaus are there in the United States?
What is three?
What is the amount you should pay on your credit card each month to avoid late fees?
What is the minimum payment?
What is the most important factor in calculating your credit score?
What is payment history?
What is the impact of closing a long-standing credit card on your credit score?
What is a potential decrease due to a shorter average credit history and increased credit utilization?
What are the names of the three major credit bureaus?
What are Equifax, Experian, and TransUnion?
What is a common benefit of using a rewards credit card?
What are points, cash back, or travel rewards?
What percentage of your credit limit is recommended to use for a good credit score?
What is 30% or less?
What is the benefit of becoming an authorized user on someone else's credit card?
What is it can help build your credit history?
How often can you request a free credit report from each bureau under federal law?
What is once every 12 months?
What is the term for the interest charged on a credit card balance?
What is APR (Annual Percentage Rate)?
What is the term for the amount of credit you have available minus what you owe?
What is credit utilization?
True or False: Keeping your old accounts open will help your credit score?
What is True?
What section of your credit report shows accounts that have been sent to collections?
What is the collections section?
What happens if you only pay the minimum amount due on your credit card each month?
What is it will take longer to pay off the balance and you will pay more in interest?
What type of inquiry impacts your credit score when applying for new credit?
What is a hard inquiry?
How can regularly paying bills on time impact your credit score?
What is it can increase your score?
Will checking your credit report yourself negatively affect your credit score?
What is no?
What is a balance transfer, and how can it benefit you?
What is moving debt from one credit card to another with a lower interest rate, potentially saving money on interest?