Unit 5 Flashcard

Unit 5 Flashcard

Assessment

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Hard

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12 questions

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1.

FLASHCARD QUESTION

Front

When you start, do you have a perfect credit score (since you’ve done nothing to damage it)?

Back

False

2.

FLASHCARD QUESTION

Front

What is a "soft" credit inquiry?

Back

When you check your own credit score.

3.

FLASHCARD QUESTION

Front

Which of the following IS a category that impacts your credit score? Credit Card Utilization, Job History

Back

Credit Card Utilization

4.

FLASHCARD QUESTION

Front

Your credit score can range from?

Back

300 - 850

5.

FLASHCARD QUESTION

Front

How long does information stay on your credit report?

Back

7 years for any late payments

6.

FLASHCARD QUESTION

Front

Which of the following is a benefit to having good credit? Lower insurance rates, Lower interest rates on loans, Lower interest rates on credit cards, All are benefits of having good credit

Back

All are benefits of having good credit

7.

FLASHCARD QUESTION

Front

As a borrower, you have certain responsibilities to the companies issuing you credit. Which of the following is your responsibility? Understand the terms of the agreement., Make payments on time., All are a borrower's responsibility.

Back

All are a borrower's responsibility.

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