Summary:
Here is the replacement text for the Credit II quiz. This quiz has right and wrong answers. Pass is anything over 50%, and a pass is needed to earn the Credit II badge.
Lucy has heard a lot about credit and is worried about hers, since she had some late payments when she was younger. Where should she begin?
a. She should call her credit card company
b. Make an appointment at her credit union
c. Go online to a provider like Equifax and get her credit score
*correct answer c)
Going straight to a provider like Equifax means Lucy can check her credit online, at anytime.
John has a credit card payment of $10.00 due in 3 days. What should he do?
a. Ignore it until next month - the bank won’t care about $10.00
b. Make at least the minimum payment
c. Wait a couple of weeks and then ask the bank if he needs to pay it since it is so low
*correct answer b)
John should make his payment on time - regardless of the amount.
Cindy wants to get a mortgage someday and has been really good about saving up a down payment for a house. She pays all of her bills on time and has a $0 balance on her credit cards. Cindy doesn’t make very much money, so...
a. Cindy must have poor credit because she doesn’t make much money
b. It sounds like Cindy has been doing all the right things
c. Cindy should hold off on any big decisions
*correct answer b)
It sounds like Cindy is doing all the right things, and she should probably sit down with her credit union or bank to see what her options are.
Summary: Here is the replacement text for the Credit II quiz. This quiz has right and wrong answers. Pass is anything over 50%, and a pass is needed to earn the Credit II badge.
*correct answer c) Going straight to a provider like Equifax means Lucy can check her credit online, at anytime.
*correct answer b) John should make his payment on time - regardless of the amount.
*correct answer b) It sounds like Cindy is doing all the right things, and she should probably sit down with her credit union or bank to see what her options are.