Level 6. Credit Makeup Exploration

Map Quiz

Played 0

Create copy

About this activity

Take a look inside credit scoring to understand how credit scores are made up!

Created by

United States

Download the paper version to play

Top 10 results

There are still no results for this game. Be the first to stay in the ranking! Log in to identify yourself.

Make your own free game from our game creator

Compete against your friends to see who gets the best score in this game

Make challenge

Continents and Oceans

Aaron Stinson

United States

(167)

Identify the correct continent and ocean
13 Colonies Map

Adam Lichtenstein

United States

(149)

map of the 13 colonies plus a few bonus questions
Heart Labeling

Dr. David Myers

United States

(89)

heart
Latin American Map Quiz Countries

VRamundo 10472

United States

(21)

AP Human Geography Latin American Map Quiz
Southwest Asia map quiz

chloe cripe

United States

(39)

Click on the correct thing


Level 6. Credit Makeup ExplorationOnline version Take a look inside credit scoring to understand how credit scores are made up! by WM 1 PAYMENT HISTORY 2 CREDIT UTILIZATION 3 CREDIT HISTORY 4 CREDIT MIX 5 NEW CREDIT 6 CREDIT SCORE - All 5 factors are used to calculate a credit score between 300 and 850. The higher your score, the less expensive it will be to borrow money Explanation 1 This tracks whether you pay your bills on time. It is the largest factor in your credit score. Consistently paying on time shows lenders how dependable and trustworthy you are with money. Setting up automatic payments or calendar reminders to avoid missing due dates is a good credit-building habit 2 This is the percentage of available credit that you are using. It is calculated using the following formula: Current Balance/Credit Limit x 100 Example: If you have $1,000 of available credit and you use $500, your credit utilization is 50%. Using too much of your available credit can make lenders think you're relying heavily on borrowed money, even if you pay your bill. A good credit-building habit is to keep your credit utilization below 30% 3 This measures how long you've been using credit, including the age of your oldest account and the average age of all your accounts. A longer history gives lenders more information about how you've managed credit over time. Someone who's responsibly used the same credit card for six years will likely have a better score than someone who opened their first card six months ago. A good credit-building habit is to keep your oldest credit account open unless there's a good reason to close it 4 This refers to the different types of credit accounts you manage, such as credit cards, auto loans, student loans, or mortgages. Managing different types of credit responsibly shows lenders you can handle a variety of financial responsibilities. Don't open new accounts just to improve your credit mix. It will happen naturally over time 5 New credit looks at how many new credit accounts you've opened and how often you've recently applied for credit. Applying for several accounts in a short period may signal financial stress or increased borrowing risk. Applying for four different credit cards in one month may temporarily lower your score. A good credit-building habit is to only apply for credit when you actually need it, instead of applying for multiple accounts at once 6 The lower your score, the more expensive it will be to borrow money. Lenders make borrowing more expensive to compensate for the higher risk.

Level 6. Credit Makeup ExplorationOnline version

Take a look inside credit scoring to understand how credit scores are made up!

by WM

1 PAYMENT HISTORY

2 CREDIT UTILIZATION

3 CREDIT HISTORY

4 CREDIT MIX

5 NEW CREDIT

6 CREDIT SCORE

Explanation

This tracks whether you pay your bills on time. It is the largest factor in your credit score. Consistently paying on time shows lenders how dependable and trustworthy you are with money. Setting up automatic payments or calendar reminders to avoid missing due dates is a good credit-building habit

This is the percentage of available credit that you are using. It is calculated using the following formula: Current Balance/Credit Limit x 100 Example: If you have $1,000 of available credit and you use $500, your credit utilization is 50%. Using too much of your available credit can make lenders think you're relying heavily on borrowed money, even if you pay your bill. A good credit-building habit is to keep your credit utilization below 30%

This measures how long you've been using credit, including the age of your oldest account and the average age of all your accounts. A longer history gives lenders more information about how you've managed credit over time. Someone who's responsibly used the same credit card for six years will likely have a better score than someone who opened their first card six months ago. A good credit-building habit is to keep your oldest credit account open unless there's a good reason to close it

This refers to the different types of credit accounts you manage, such as credit cards, auto loans, student loans, or mortgages. Managing different types of credit responsibly shows lenders you can handle a variety of financial responsibilities. Don't open new accounts just to improve your credit mix. It will happen naturally over time

New credit looks at how many new credit accounts you've opened and how often you've recently applied for credit. Applying for several accounts in a short period may signal financial stress or increased borrowing risk. Applying for four different credit cards in one month may temporarily lower your score. A good credit-building habit is to only apply for credit when you actually need it, instead of applying for multiple accounts at once

The lower your score, the more expensive it will be to borrow money. Lenders make borrowing more expensive to compensate for the higher risk.

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

Level 6. Credit Makeup Exploration

Map Quiz

About this activity

Created by

Download the paper version to play

Top Games

Map Quiz

Continents and Oceans

Map Quiz

13 Colonies Map

Map Quiz

Heart Labeling

Map Quiz

Latin American Map Quiz Countries

Map Quiz

Southwest Asia map quiz

Level 6. Credit Makeup ExplorationOnline version

by WM

Explanation

		%
	Anonymous	%
		%
		%