Are You Credit Savvy?
Are you a credit expert, a wishful thinker, or somewhere in between? Take our short quiz to find out how much you really know about credit!
Quiz Transcript
Are You Credit Savvy?
Are you a credit expert, a wishful thinker, or somewhere in between? Take our short quiz to find out how much you really know about credit!
Which of the following does NOT make up your credit score?
Your payment history
The amounts you owe
Length of your credit history
The amount of funds in your checking account
Mix of credit you currently use
1 / 8
What is one way to improve your credit score?
Carry large balances on your credit card
Pay the minimum balance on your card each month
Pay more than the minimum balance on your card each month
Open several new credit accounts in a month
2 / 8
The FICO score is used when determining whether or not to lend you credit.
True
False
3 / 8
Which of the following is NOT a major credit bureau?
Credit Check
Equifax
Experian
TransUnion
4 / 8
When preparing to apply for a home loan, it's a great idea to purchase a car or apply for store credit cards.
True
False
5 / 8
What score would be considered a GOOD credit score?
400
725
580
850
6 / 8
Can checking your own credit report hurt your credit score?
No
Yes
7 / 8
Even being a few days late on a payment can have a big impact on your score.
True
False
8 / 8
Wishful Thinker
You're a wishful thinker when it comes to your credit score. You could use some work when it comes to your credit knowledge and underestimate the importance of your score.
You're Knowledgeable
You're knowledgeable on the basics of credit, but it looks like you need to brush up on your facts.
Credit-Wise
You're credit-wise. You understand the basics of credit knowledge and then some; however, have room to improve.
Credit Expert
Congratulations! You're a credit expert. You have a comprehensive understanding of what makes up your credit score and how you can improve it.
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