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1. Which of the following are fast ways of improving your credit score (within 60 days)? |
All answers can quickly improve credit score |
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2. After your loan application is submitted, who decides if you get approved for the loan? |
Loan Underwriter |
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3. People with a lower credit score typically pay _________ interest rates when borrowing money which _________ the cost of borrowing. |
Higher, Increases |
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4. Whose responsibility is it to identify credit report errors? |
It is your responsibility to identify mistakes and report them |
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5. Select the scenario most likely to build your credit (improve your credit score). |
Borrow 10%-30% of the credit limit on a credit card and pay the full balance on time every month. |
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