Borrowing
Oct 28, 2020
Do You Know What it Takes to Improve Your Credit Score?
By Stash Team
Take this quiz to test your knowledge of all things credit.
Do You Know What it Takes to Improve Your Credit Score?
True or False: Carrying a balance on your credit card can help you improve your credit score?
False. Paying off your credit card balances as quickly as you can will not only help improve your credit score, but also save you money.
Do You Know What it Takes to Improve Your Credit Score?
What is the average interest rate that credit card companies charge?
16.71%.The average interest rate is 16.71% (as of May 2018).
Do You Know What it Takes to Improve Your Credit Score?
A credit score can range from ___ to ___.
300 to 850. A FICO credit score ranges from 300 to 850.
Do You Know What it Takes to Improve Your Credit Score?
Which of the following does NOT affect your credit score?
The amount of money in your checking account. The amount of money in your accounts does not affect your credit score. The variety of loans you have, your credit utilization, and the timeliness of your payments affect your credit.
Do You Know What it Takes to Improve Your Credit Score?
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Written by
Stash Team
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