Test Your Knowledge of Everyday Actions That Affect Your Credit Score

Your credit score is a key indicator of your financial well-being and of the risk you pose to lenders. The most common credit score, known as a FICO score, ranges from 300 to 850. Generally, a score of about 700 or higher means you're managing your credit well. A score of 760 or higher is often what you need to get the lowest interest rates on loans. Along with making moves to keep your credit score high, you'll want to avoid actions that could set it back. You're probably aware that paying bills late can wreak havoc on your score. But do you know what else can drag down your score -- and what has no effect? Test your knowledge of how to protect your credit score from taking a hit.