Not quite! But understanding credit is key to financial success.
“Credit cards are like time bombs. If you’re not careful, they’ll blow up your finances.” – Elizabeth Warren
Need A Hint?
A good credit score is influenced by several factors, but payment history is the most important, accounting for about 35% of your score. Making on-time payments consistently is crucial to maintaining a strong credit score. Other factors include credit utilization, length of credit history, and new credit inquiries. Keeping credit utilization below 30% and avoiding too many credit applications at once can improve your score.
Did You Also Know...
By Quiz Coins
During World War II, British soldiers were taught to replace tank tracks with a game of hopscotch to confuse enemy planes about their location.