Everfi Module 4 (2024/25); Questions with Complete Solutions

Everfi Module 4 (2024/25); Questions with
Complete Solutions
1. Which of the following statements about credit scores is TRUE?


a. Credit scores reflect how likely individuals are to repay their debts.


b. Credit scores range from the low 300’s to the mid 800’s.


c. Each person has three credit scores.


d. All of the above.


2. Which of the following statements are TRUE about credit scores?


A. Credit scores reflect how likely individuals are to repay their debts.


B. Only the credit bureaus know exactly how credit scores are calculated.


C. Both A & B


D. Neither A nor B


3. Having a good credit score is important because:


a. It can impact your ability to get a driver’s license


b. It can impact your ability to be approved for bank loans


c. It can impact how much you will have to pay the government in taxes

, Everfi Module 4 (2024/25); Questions with
Complete Solutions
d. It can impact how much you will have to pay for college


4. Which action can hurt your credit score?


I. Paying your phone bill late.


II. Taking the bus to work.


III. Maxing out several credit cards.


IV. Using the internet to pay your bills


I


I and II


I and III


III and IV


5. All of the following make up the big three credit reporting agencies EXCEPT:


Equifax


TransUnion


Experian