0 of 1 Questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 1 Questions answered correctly
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Question 1 of 1
Match the correct word with its description:
- hard inquiries (when you apply for credit and your report is pulled) can remain for 2 years. They can also put a dent in your credit score. Before you apply do your homework and make sure that you will not be applying to too many creditors at once. It looks needy on your part and can be a negative.
- old bills and small debts can add up and start to matter. For example, an old $150 doctor bill will not cause too much trouble but an old $150 bill and an old $100 utility bill and an old $70-dollar unpaid charge results in 3 derogatory marks and will cause you some problems.
- errors on your credit report can be costing you when it comes to your score. Check for accuracy and make sure you follow up on the changes.
- using more than 30% of your available credit can also lower your score.
- not using credit can make you look like you have bad credit! Your score can take a hit when you do not utilize credit.
Generating too many inquiries
Those old bills and little annoyances
Utilizing your available credit
Not using credit at all