Credit IQ Quiz


	Home		Credit Tools		Credit Cards		Credit Scores & Reports		Find a Loan

Credit IQ Quiz

Credit Genius... or... Credit Stooge
Take our short credit IQ Quiz and find out!

Our quiz changes often,
so make sure to bookmark this page!

1.Generally speaking, which of the following options will hurt your credit the least if you can no longer manage to make the mortgage payments on your home/townhome/condominium?

Bankruptcy
Foreclosure
Short sale
Deed in lieu

2.Does checking your own credit score bring your credit score down?

Yes
No

3.Does the amount of credit cards that you have affect your credit score?

Yes
No

4.Even if you pay it off every month, can using your credit card hurt your credit score?

Yes
No

5.Generally speaking, what’s worse.….Bad Credit or No Credit?

Bad credit
No credit

6.Mary is a nurse and recently she has had some medical problems that have kept her from work for a month. She was able to make her mortgage payment on time but she is 25 days late on several bills and she does not get paid again for another 15 days(at which time she will pay all of them). Mary only has enough money to pay 1 of the following bills before she gets paid again. Which bill should Mary pay if she does not want to hurt her credit score?

Her cable bill
Her gym membership fee
Her medical from her doctor’s office bill
Her car loan payment

7.How long can a chapter 7 bankruptcy affect your credit score?

2 years
5 years
7 years
Up to 10 years

8.If you make on time, minimum monthly payments, does keeping a small balance on your credit card hurt your credit score?

Yes
No

9.How long does a negative item, like 30 days late on a credit card payment, stay on your credit report?

2 years
4 years
7 years
Up to 10 years

10.If I miss a minimum payment(more than 30 days late) on my credit card, and then pay off the entire balance, is my credit score still damaged?

Yes
No

11.Do I have to make large purchases on credit to get a good credit score?

Yes
No

12.You have very good credit but your fiancé has very bad credit. When you get married, which of the following will happen?

Your credit score will go down and her credit score will go up
Your credit records will be combined creating a brand new score lower than your original score
Nothing at all. Each person has their own credit record
Your credit score will go down and her credit score will stay the same

13.Bob is a construction worker who needs a new pickup. Before leaving to go truck shopping Bob checked his credit score and it was a 705. Bob visited 10 dealerships during the course of a month and each dealer did a hard pull on his credit during the negotiation process. When Bob finally got the deal he wanted, he was not approved for the best interest rate because his credit score was only 650. Frustrated and angry, Bob stormed out of the dealership. What did Bob do wrong?

Bob was shopping a for a Chevy but he should have been shopping for a Ford.
Bob should have visited fewer dealerships
Bob should have only allowed his credit to be pulled during the final stage of negotiation
Bob did nothing wrong. The system is flawed and diligent shoppers are penalized.


	ProtectMyScore.com is an independent matching service. ProtectMyScore.com does have a relationship with the listed merchants or brands and may receive receive a commission whenever you purchase through a link on this site. The above listed trademarks and service marks are the marks of their respective owners. ProtectMyScore.com is not affiliated with, and does not, in any way, claim to represent or own any of the represented product trademarks or rights. Trademark owners do not own, endorse, or promote ProtectMyScore.com or this in any way.	privacy policy \| contact us \| unsubscribe ©2012 ProtectMyScore.com