Credit Quiz
What is the biggest factor in determining your credit score?
Number of credit cards
Amount owed
Payment history Correct Answer
Types of credit used
Why is credit important?
Allows you to have more credit cards
It means you get your tax return faster
It helps determine your tax bracket
It can lower your interest rates for loans Correct Answer
Credit bureaus are what type of organizations?
Governmental
Private companies Correct Answer
Nonprofits
All of the above
Where can I get a free credit report ?
www.annualcreditreport.com Correct Answer
www.myfico.com
www.equifax.com
www.creditreports.com
What is a credit score ?
An indication of credit risk Correct Answer
The number of time you've made late payments on your credit cards
The amount of money you owe
The number of credit cards you own
Where can I get my credit score ?
www.annualcreditreport.com
www.myfico.com Correct Answer
www.equifax.com
www.creditreports.com
Who keeps track of my credit ?
Better Business Bureau
Securities and Exchange Commission
Commerce Department
Experian, TransUnion, and Equifax Correct Answer
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