The Basics of Building Credit

Exercise 4

Choose the best answer.

  • 1. Which person probably has the lowest credit score?
    1. A woman who has missed three credit card payments in a row
    2. A man who has had three car repossessions
    3. A woman who has a $125,000 house loan
  • 2. Which of these people has a bad credit score? Assume they are all making their payments on time.
    1. A woman who owes money for a house, car, and loan
    2. A man with five credit cards
    3. A college freshman with $15,000 in student loans
    4. None of the above.