You will not hurt your credit rating if you:A.pay off bills before they are due.B.miss a mortgage payment on your home.C.have your car repossessed due to nonpayment of bills.D.apply for new credit cards all the time.SUBMITarrow_backPREVIOUS

How can a poor credit rating impact you?a) It can lead to higher loan and credit card interest rates. b) It can make it easier to obtain a mortgage. c) It can result in lower insurance premiums. d) It can have no impact on your financial life.

Consumers are most likely to have a good credit score if they:A.never miss their monthly credit card payments.B.fully complete a credit card application.C.reach the credit limit on multiple credit cards.D.file for bankruptcy to have their debts forgiven.

What can happen if you do not pay back money you have borrowed?A.You can be charged penalties and fees.B.You can ignore late payment notices.C.You can be offered more credit.D.You can get an increase in your credit.SUBMITarrow_backPREVIOUS

What will most likely happen to your credit score if you miss several car payments?A.Your credit score will go down.B.Your credit score will be terminated.C.Your credit score will not be affected.D.Your credit score will go up.SUBMITarrow_backPREVIOUS

Your credit score is not associated with:A.getting approved to rent an apartment.B.being hired by a hiring manager.C.an increase in salary.D.securing a home loan.