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Credit Score Fundamentals Essentials Quiz

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Credit Score Fundamentals Essentials: a General level Bank Exam Prep quiz. Test your knowledge with 6 questions!

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Questions

Question 1

Which of these harms a credit score?

A Missing a loan payment

B Closing an old account

C Maintaining low balances

D Paying bills on time

Question 2

Where do credit bureaus get their data?

A Personal tax returns

B Social media profiles

C Government census data

D Lenders and creditors

Question 3

Why is a long credit history beneficial?

A It removes all existing debt

B It eliminates the need for cash

C It increases your annual salary

D It proves long-term reliability

Question 4

Which action helps improve a credit score?

A Paying down existing debt

B Ignoring late notices

C Opening many new accounts

D Maxing out credit cards

Question 5

What is a major credit bureau?

A Federal Reserve

B Equifax

C Department of Treasury

D Internal Revenue Service

📋 This quiz has 6 questions in total.