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Which best explains what a credit score represents? |
A numerical rating that expresses how likely you are to repay your debts |
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Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several credit cards. IV. Using the internet to pay your bills |
I and III |
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Jose wants to be sure he maintains a high credit score as he is planning to buy a new car soon. What should he do to ensure his score stays high, allowing him to buy his dream car? |
Pay off his credit card balance each month |
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Which of the following statements about credit scores is TRUE? |
All of the above |
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What can you do it make sure you have a healthy credit report? |
All of the above |
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Which behaviors might lead someone to have a low credit score? |
Missing a car payment |
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Which of the following actions can NEGATIVELY impact your credit score? |
You forgot to pay the cable bill |
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In which of the following situations is having a good credit score important? |
All of the above |
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Which of the following actions would improve your credit score? |
Paying off your credit card bill |
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How many free credit reports are you legally entitled to each year? |
One credit report from each credit bureau |
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