Hooray! You are almost done with module two! Next, we’ll test your knowledge on Credit Scores!
After completing these practice questions, you will move into the next module.
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Your credit score is an indicator of the likelihood you will repay a debt.CorrectIncorrect
Dressing up in your Sunday best outfit when purchasing a vehicle will help you obtain credit.CorrectIncorrect
Other names for your credit score may be referred to are FICO score or VantageScore.CorrectIncorrect
A consumer with a credit score above 720 is considered to have excellent credit.CorrectIncorrect
The biggest impact on your credit score is the number of credit accounts you have.CorrectIncorrect
If you have a credit card with a limit of $5,000, it does not affect your credit score if you owe a balance of $4,000.CorrectIncorrect
There are three major credit bureaus, Experian, Equifax, and TransUnion.CorrectIncorrect
You should check your credit report for accuracy at least once a year.CorrectIncorrect
You must contact each credit bureau separately to obtain your free credit report each year.CorrectIncorrect
If you have mediocre credit, you will never be able to purchase a vehicle.CorrectIncorrect