Front

When may a person view his/her credit report for free?

Back

Once a year, from each of the three main credit reporting agencies

Front

Which is not included in an individual’s credit report? Options: Current and past addresses , Account balances , Bankruptcies and foreclosures , Medical information

Back

Medical information

Front

Jake’s credit application has been declined because of his negative credit history. Which is most likely to be true?

Back

Jake has applied for 4 credit cards and a car loan in the past 6 weeks.

Front

The 3 credit bureaus that determine your FICO score are: Equifax, Transunion, and Experian, Transamerican, Equality, Experience, Transparcel, Equin, Faxqui, Crederian, Equiunion, Experfax

Back

Equifax, Transunion, and Experian

Front

How can you improve your credit score? Options: Make payments on time, Reduce overall debt, Limit your applications, All of the above

Back

All of the above

Front

When financing a car, which credit score will warrant the best rate? Options: 850, 950, 300, 250

Back

850

Front

What is credit?

Back

Borrowed money

Front

What is a credit score?

Back

A three-digit numerical rating that reflects how likely you are to repay your debt.

Front

If you have bad credit, it may be ...

Back

harder to obtain a mortgage loan

Front

How long is most information retained on your credit report?

Back

7 years