DOL - Credit Reports 6.14EF

Which information is NOT included on a credit report?

• Late payments

• Number of credit cards

• High-school grades

• Previous employers

Consumers sometimes make choices that cause negative information to be put on their

credit reports. Which of these is the most likely number of years that this negative

information will remain on their credit reports?

• 3 to 6 years

• 7 to 10 years

• 11 to 14 years

• 15 to 18 years

Which of the following is NOT on a credit report?

• Credit accounts

• Payment history

• Closed account

• Medical history

Which of these describes information that can appear in a consumer's credit report?

• The name of a store where the consumer pays cash for all purchases.

• The name of a company that gave the consumer a car loan two years ago.

• The amount of money the consumer will need to borrow in the next five years.

• The amount of money that the consumer loaned to a family member.

Raul is learning that information is retained on credit reports for varying lengths of time.

Which of the following arranges credit report information in the order from the least amount

of time retained to the greatest?

• Late payments, credit inquiries, closed accounts in good standing, bankruptcies.

• Credit inquiries, late payments, closed accounts in good standing, bankruptcies.

• Bankruptcies, credit inquiries, late payments, closed accounts in good standing.

• Late payments, bankruptcies, credit inquiries, closed accounts in good standing.