Credit Basics
- Answer: a) A numerical representation of your creditworthiness
- Answer: d) All of the above
Credit Score Ranges
- Answer: c) 700-850
- Answer: d) Visa
Credit Card Terms
- Answer: b) Annual Percentage Rate
- Answer: a) Once a year
Credit Management
- Answer: b) Maxing out credit cards
- Answer: c) 30%
Credit Report Details
- Answer: c) 7 years
- Answer: c) To provide a summary of your credit history and activity
Credit Concepts
- Answer: a) A credit report is a detailed record of your credit history, while a credit score is a numerical representation of your creditworthiness.
- Answer: c) Debit card
Credit Card Details
- Answer: a) Credit limit
- Answer: c) It may lower your credit score.
Credit Terms and Laws
- Answer: c) Someone who agrees to pay back a loan if you fail to do so
- Answer: b) To measure how much of your available credit you’re using
Credit Regulations
- Answer: a) A law that regulates the collection and use of consumer credit information
- Answer: a) Grace period
Credit Score Determinants
- Answer: b) Gender
- Answer: a) Contact the credit bureau to dispute the errors
Credit Concepts
- Answer: a) A credit report is a detailed record of your credit history, while a credit score is a numerical representation of your creditworthiness.
- Answer: c) Debit card
Credit Card Details
- Answer: a) Credit limit
- Answer: c) It may lower your credit score.
Credit Terms and Laws
- Answer: c) Someone who agrees to pay back a loan if you fail to do so
- Answer: b) To measure how much of your available credit you’re using
Credit Regulations
- Answer: a) A law that regulates the collection and use of consumer credit information
- Answer: a) Grace period
Credit Score Determinants
- Answer: b) Gender
- Answer: a) Contact the credit bureau to dispute the errors