Basics of credit score
What is credit score?
What is... a level of someone's trustworthiness
How can a low credit score affect loan applications?
What is it can lead to higher interest rates or loan denials?
Name one effective way to improve your credit score.
What is paying bills on time?
Closing old credit accounts will always improve your credit score.
What is false?
Should you apply for multiple cards at once?
What s no?
What is the range of credit score you can get?
What is... 300-850
True or False: A good credit score can help you obtain lower insurance premiums.
What is True?
How often should you check your credit report?
What is at least once a year?
Does checking your own credit score affect your credit score?
What is no?
Is having a long loan history helpful to your credit score?
What is yes?
What factors most influence a credit score?
What is... payment history, length of credit history, amount of credit
What is the impact of a late payment on your credit score?
What is it can decrease your score by up to 100 points or more, depending on your credit history?
What should you do if you find an error on your credit report?
What is dispute the error with the credit bureau?
True or False: All debts are cancelled when you declare bankruptcy.
What is no?
Does carrying a balance improve your credit score?
What is no?
Which organization is known for providing credit scores?
What is FICO
What is the term for the practice of checking your own credit score periodically?
What is a soft inquiry or soft pull?
Should you tackle the smaller balances first or the larger balances first?
What is smaller
Bad choices can mean you'll never qualify for credit?
What is no?
Does closing credit cards improves your score?
What is no?
What is the ideal percentage of credit used on a monthly basis?
What is 10-20%?
What Are the 5 Factors That Affect Your Credit Score?
What is, your payment history, amounts owed, length of your credit history ,your credit mix, any new credit
Does closing credit cards help raise your score?
What is no?
True or False: Having higher income means higher credit score.
What is False?