Credit Quiz

Check to see if you selected the correct answer.

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?

Private companies Correct Answer
All of the above

Where can I get a free credit report ? Correct Answer

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 ? Correct Answer

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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