The Basics of Building Credit

Exercise 3

Choose the best answer.

  • 1. Which of the following probably has the highest credit score? Assume that all of them have made regular monthly payments on time.
    1. An 18 year old college freshman
    2. A 20 year old waitress with two active credit cards
    3. A 40 year old business owner with two cars, a house, and four active credit cards
    4. A 50 year old with five credit cards who rents his house.
  • 2. What makes a person a good cosigner?
    1. A high credit score
    2. A steady income
    3. The ability to pay for your loan if you can’t
    4. All of the above