The average FICO credit score in the U.S. is at what in 2020?

(2pts)

Question 1 - According to this article, the average FICO credit score in the U.S. is at what in 2020?

	650
	710
	750
	535

2)

Which range is considered to be a "good" FICO score?

(2pts)

Question 2 - Which range is considered to be a "good" FICO score?

	300-579
	580-669
	670-739
	740-799

3)

Missing just one payment on a credit card or loan payment will not impact my credit score.

(2pts)

Question 3 - Missing just one payment on a credit card or loan payment will not impact my credit score. True
False

4)

Which of the following is considered a "revolving" account?

(2pts)

Question 4 - Which of the following is considered a "revolving" account?

	Credit Card
	Car Loan
	Mortgage loan
	Personal Loan

5)

Having multiple credit card accounts, even with low or no balances, can decrease your credit rating.

(2pts)

Question 5 - Having multiple credit card accounts, even with low or no balances, can decrease your credit rating. True
False

6)

Which of the following has the highest consideration when calculating your FICO score?

(2pts)

Question 6 - Which of the following has the highest consideration when calculating your FICO score?

	Payment History
	Amount Owed
	Length of credit history
	New Credit

7)

Your salary, occupation, employer and where you live are all considered when assigning your credit score.

(2pts)

Question 7 - Your salary, occupation, employer and where you live are all considered when assigning your credit score. True
False

8)

According to this article, having a good credit score can make achieving your financial and personal goals easier.

(2pts)

Question 8 - According to this article, having a good credit score can make achieving your financial and personal goals easier. True
False

9)

If you have a higher credit score, you most likely will have a lower interest rate allowed on a loan.

(2pts)

Question 9 - If you have a higher credit score, you most likely will have a lower interest rate allowed on a loan. True
False

10)

A lower interest rate on a loan is a good thing for you.

(2pts)

Question 10 - A lower interest rate on a loan is a good thing for you. True
False

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