Credit Quiz #1

5 Questions

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Credit Quizzes & Trivia

Questions and Answers
  • 1. 
    1. Once you reach the age of 21, you are automatically granted credit.
    • A. 

      True

    • B. 

      False

  • 2. 
    You have a fairly new computer with all the bells and whistles. Wal-Mart has a newer version at an everyday low price of $750. This would be a good time to use your new Visa.
    • A. 

      True

    • B. 

      False

  • 3. 
    You have never had a credit card or loan. You just graduated from college and have been working at your new job for three months. Your bank has offered you the opportunity for a secured credit card. Is this a wise move for you?
    • A. 

      True

    • B. 

      False

  • 4. 
    You have only one credit card and that is a Wal-Mart Card with a $400 credit line. Wal-Mart sends you a notice of pre-approval on a Wal-Mart Discover Card with a $400 credit line. There is no annual fee.  Should you accept the offer?
    • A. 

      True

    • B. 

      False

  • 5. 
    You can build a very high credit score by paying cash for everything.
    • A. 

      True

    • B. 

      False