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What's Your Credit Score IQ?

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Quiz on What's Your Credit Score IQ?, created by christinedigangi on 17/09/2014.
christinedigangi
Quiz by christinedigangi, updated more than 1 year ago
christinedigangi
Created by christinedigangi about 10 years ago
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Resource summary

Question 1

Question
How many credit scores do you have?
Image:
CreditIQ_1 (image/jpg)
Answer
  • 1
  • 3
  • 10
  • more than 100

Question 2

Question
Everyone has a credit score.
Image:
everyone-credit-score (image/jpg)
Answer
  • True
  • False

Question 3

Question
Which of the following things does not directly affect your credit score?
Image:
CreditIQ_3 (image/jpg)
Answer
  • debt payment history
  • amount of debt
  • income

Question 4

Question
Credit scores are based on the data in your credit reports.
Image:
CreditIQ_10 (image/jpg)
Answer
  • True
  • False

Question 5

Question
Which of these does the most damage to your credit score?
Image:
damage-credit-score (image/jpg)
Answer
  • missing a credit card payment
  • applying for a mortgage
  • maxing out a credit card
  • paying your rent a day late
  • overdrawing your checking account

Question 6

Question
Checking your credit score can help you __________.
Image:
checking-credit-score (image/jpg)
Answer
  • spot fraud
  • improve your credit
  • find loans or credit cards you can qualify for
  • all of the above
  • none of the above

Question 7

Question
What is a good credit score?
Image:
good-credit-score (image/jpg)
Answer
  • there's no such thing as a good credit score
  • anything higher than 680
  • whatever score allows you to reach your financial goals

Question 8

Question
Who can request your credit score?
Image:
ask-for-credit-score (image/jpg)
Answer
  • your employer
  • your mom
  • you
  • your spouse

Question 9

Question
How often does your credit score change?
Image:
credit-score-change (image/jpg)
Answer
  • every day
  • every month
  • every week
  • when new data is added to your credit report

Question 10

Question
Which of the following is WRONG?
Image:
wrong (image/jpg)
Answer
  • Your credit score will impact how much money you can borrow to buy a home.
  • Checking your credit scores can negatively impact them.
  • Prepaid cards aren’t factored into your credit scores.
  • Your utility or cable company may check your credit score before letting you start services.

Question 11

Question
A store credit card will affect your credit score differently than a bank-issued credit card.
Image:
CreditIQ_11 (image/jpg)
Answer
  • True
  • False

Question 12

Question
Which of these can help someone without a credit score start building one?
Image:
CreditIQ_12 (image/jpg)
Answer
  • a secured credit card
  • a prepaid debit card
  • a bank account
  • writing a letter to credit bureaus

Question 13

Question
Employers can request your credit scores during the job application and interview process.
Image:
CreditIQ_13 (image/jpg)
Answer
  • True
  • False
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