Some people have never applied for credit, whereas others are trying to rebuild their credit rating after bankruptcy or years of defaulting on payments. It can be difficult to establish good credit, but hope is not all lost. Take this quiz and find out how you can be credit healthy.
Question 1 of 20
How do lenders determine your credit history?
Question 2 of 20
How many Americans have no credit history?
Question 3 of 20
If you don't have any credit, what should you do before you attempt to apply for a credit card?
Question 4 of 20
How often should you check your credit rating?
Question 5 of 20
How many American children and adolescents were victims of identity theft in 2008?
Question 6 of 20
How can you prove financial responsibility without owning credit?
Question 7 of 20
Besides your credit activity, what other information is included in your credit report?
Question 8 of 20
What is a credit score?
Question 9 of 20
What is a FICO expansion score?
Question 10 of 20
What happens to my co-signer's credit rating if I don't make payments on time?
Question 11 of 20
What is a secured credit card?
Question 12 of 20
How long must you use a secured credit card before a lender will transfer you to a regular unsecured credit card?
Question 13 of 20
What should you watch out for when using a secured credit card?
Question 14 of 20
Why should you avoid getting several retail credit cards?
Question 15 of 20
How do you build healthy credit with an unsecured credit card?
Question 16 of 20
Besides defaulting on monthly payments, what else can harm your credit rating?
Question 17 of 20
What is an example of installment credit?
Question 18 of 20
What are lenders looking for when they examine your employment history on your credit report?
Question 19 of 20
What is one of the most important factors when you are being considered for a mortgage?
Question 20 of 20