Credit Score Basics

How much have you learned about credit scores? Let's find out!

Quiz Questions

1.
Your ________________ is your likelihood to pay back what you owe when you borrow money.
- A.
  Financial-dedication
- B.
  Money-savviness
- C.
  Credit-worthiness
- D.
  Borrowing-potential
2.
What does FICO stand for?
- A.
  Financial Industry of Credit Obligations
- B.
  Fair Isaac Corporation
- C.
  Fixed Income Credit Offering
- D.
  Freedom of Information Credit Organization
3.
A credit score of 550 would be considered:
- A.
  Bad
- B.
  Fair
- C.
  Good
- D.
  Excellent
4.
True or False: The better your credit score, the more likely you are to get approved for new credit at a lower interest rate.
- A.
  True
- B.
  False
5.
The following data points are used to calculate your score:
- A.
  Payment History, Credit-Worthiness, Length of Credit History, Accumulation of Debt, Mix of Credit
- B.
  Payment History, Capacity, Length of Credit History, Accumulation of Debt, Mix of Credit
- C.
  Payment History, Income Range, Length of Credit History, Capacity, Mix of Credit
- D.
  Payment History, Capacity, Length of Credit History, Employment Status, Mix of Credit

Quiz Outcomes

1.
Time to Review!
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It looks like you still have a bit to learn about credit scores. That's okay! We're here to help. Check out our Credit Score Basics to learn more and try again.
2.
Getting There!
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You got a few answers correct, but it looks like you still have a bit to learn about credit scores. That's okay! We're here to help. Check out our Credit Score Basics to learn more and try again.
3.
You Know the Basics!
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You only missed one question! Looks like you were paying attention to the information in our Credit Score Basics course. Keep it up!
4.
You've Got It!
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Wow! You know you're stuff when it comes to credit scores. Nice work! To learn even more, check out our Credit Score Basics.