Credit Score Practice Questions

Your credit score is an indicator of the likelihood you will repay a debt.

Dressing up in your Sunday best outfit when purchasing a vehicle will help you obtain credit.

Other names for your credit score may be referred to are FICO score or VantageScore.

A consumer with a credit score above 720 is considered to have excellent credit.

The biggest impact on your credit score is the number of credit accounts you have.

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.

There are three major credit bureaus, Experian, Equifax, and TransUnion.

You should check your credit report for accuracy at least once a year.

You must contact each credit bureau separately to obtain your free credit report each year.

If you have mediocre credit, you will never be able to purchase a vehicle.