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How to Improve Your Credit Score

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the range of credit scores for the three credit bureaus in the United States?

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1. Which of the following is not one of the things to help improve your credit score?

2. Why do you want to keep your credit score as high as possible?

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About This Quiz & Worksheet

Assess your understanding of credit scores, why high scores are important and what you can do to improve your score if it is low using this quiz/worksheet assessment tool. You will be quizzed on relevant figures and facts discussed in the corresponding lesson.

Quiz & Worksheet Goals

To do well on this quiz, you will need to be familiar with:

  • The range of credit scores for the three U.S. credit bureaus
  • Examples of ways to improve a credit score
  • Reasons to keep a credit score high
  • The percentage of available credit one should use at any given time
  • Factors in determining a credit score

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the corresponding lesson on personal finance
  • Information recall - access the knowledge you've gained regarding how much available credit one should use
  • Knowledge application - use your knowledge to answer questions about high credit scores and what influences credit score determination

Additional Learning

If you need to further review credit scores and their importance, refer to the lesson How to Improve Your Credit Score. In this lesson, you will find:

  • An explanation of what a credit score is and the range of credit scores
  • Ways to avoid a low credit score
  • A list of and explanation for each of the considerations that are examined when credit scores are assigned
  • Tips for improving each of these considerations to help you get a high credit score
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