Which of the following would be an excellent credit score?
250
500
750***
100
Which of the following could have a negative impact on a credit score?
Having a car loan and a credit card
Paying the full balance on a credit card each month
Using 20% of the available credit
Using 50% of the available credit***
The best credit card reward programs typically come with cards that have ____.
no annual fees***
low-interest rates
high-interest rates
no late fees
____ would be a reasonable late fee for a late credit card payment?
5%***
15%
$95
$25
True or False: If a lender sees that a credit card applicant has a credit score of 790, the lender would see little risk in extending credit to the applicant.
True***
False
2 answers
No idea what the actual answers are but those answers give you 3/5 just so you know
Unit 5 Lesson 11 "Credit Scores and Credit Cards"
1) 750
2) Using 50% of the available credit
3) High interest rates
4) $25
5) True
Hope this helps :)
1) 750
2) Using 50% of the available credit
3) High interest rates
4) $25
5) True
Hope this helps :)