Credit Quiz

Credit is the ability to borrow money or access goods or services with the understanding you will pay later.

The most common example of revolving credit is:

Utility companies usually report payment history to National Credit Bureaus.

Two examples of installment credit are:

A Credit Score

Is a history of your financial life.
Is a numerical score or grade that represents your level of credit risk to potential lenders.

What is the Credit Score Range?

The 2 major Credit Score Models are FICO and VantageScore.

Credit Reports are always accurate.

10% of your score is calculated based on your Credit Mix because:

While your credit is frozen, lenders will not be able to access your credit report.

To Freeze your Credit, you will need:

To improve my Credit Score I should:

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