Module 9
1.! Your credit score may be made up using information from the following sources.
Answer _____
a.
!
Gender, race, marital status, religion, national origin, age or receipt of
public assistance.
b.
!
Your salary, occupation, title, employer, date employed or employment history.
c.
!
Your address, child/family support obligations, or rental agreements
2.! The single most important factor that affects your credit score is:
Answer _____
a.
!
Your employment status.
b.
!
How long you have had credit.
c.
!
The payment history of the accounts on your credit report.
d.
!
Your income.
3.! Credit Scores are being used in which of the following situation.
Answer _____
a.
!
To decide if you can get a loan and the interest rate you will pay.
b.
!
To see if you qualify for a lease.
c.
!
To see whether you need to put down a deposit to get the water or electricity
turned on.
d.
!
All of the above
4.! Sometimes what seems like the right thing to do for your overall finances could
hurt your credit score. An example of this is:
Answer ____
a.
!
Paying your bills so the payment arrives before the due date.
b.
!
Closing your oldest credit card account even if you aren’t using it.
c.
!
Making sure the balances on your loan accounts keep going down.
d.
!
None of the above.
Name ________________________ WSUID _________________________________
