Credit Score Quiz
5 Questions
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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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