Credit and Credit Score MCQs
- What is credit?
- What is a credit score?
- Which organization calculates the FICO credit score?
- What is the highest possible FICO credit score?
- What is a good credit utilization ratio?
- What factors affect your credit score?
- Which of the following is NOT a credit bureau?
- How long does negative information generally stay on your credit report?
- Which of the following is considered a good credit score?
- What does a secured credit card require?
- What is the purpose of a grace period on a credit card?
- What is a hard inquiry on a credit report?
- Which of the following actions can negatively impact your credit score?
- What is the purpose of a credit freeze?
- How often are you entitled to a free copy of your credit report from each credit bureau?
Borrowed money to be repaid later
A measure of a person's debt
A measure of a person's income
A numerical representation of a person's creditworthiness
The amount of debt a person has
The interest rate on a credit card
Internal Revenue Service
Federal Trade Commission
Fair Isaac Corporation
500
850
750
10%
50%
30%
Payment history and credit utilization
Income and employment history
Social media activity
Federal Reserve
TransUnion
Experian
1 year
7 years
3 years
450
600
750
A co-signer
Collateral or a deposit
A high credit score
To earn rewards points
To avoid interest charges on purchases
To extend the due date for payments
A request for a credit limit increase
A request for a credit score review
A request for credit by a lender
Keeping credit card balances low
Opening a new credit account
Paying bills on time
To prevent unauthorized access to your credit report
To increase your credit limit temporarily
To reduce interest rates on existing loans
Twice a year
Every six months
Once a year