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Credit Score Quiz

5 Questions
Business Quizzes & Trivia
Questions and Answers
  • 1. 
    On a $20,000, 5-year car loan, how much more would you pay with a low credit score than having a high score?
    • A. 

      Less than $3,000

    • B. 

      $3,000 to $5,000

    • C. 

      More than $5,000

  • 2. 
    Which of the following services might use your credit score?
    • A. 

      Mortgage Lender

    • B. 

      Cell Phone Provider

    • C. 

      Both of the above

  • 3. 
    Which of the following can help improve your credit score the most?
    • A. 

      Pay everything in cash

    • B. 

      Get a credit card and pay it off monthly

    • C. 

      Have high balances on more than one card

  • 4. 
    It is always best to close the credit cards you are not using.
    • A. 

      True

    • B. 

      False

  • 5. 
    How many years does it take to "fix" a bad credit score?
    • A. 

      3 years

    • B. 

      7 years

    • C. 

      10 years

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