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Understanding Credit Reporting

Authored by Jason Cross

Other

9th Grade

Used 1+ times

Understanding Credit Reporting
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is John Ulzheimer?

A government official in charge of financial oversight

A credit card company CEO

A consumer credit expert with nearly 30 years of experience

A university professor specializing in finance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is not one of the three major credit reporting agencies?

LexisNexis

TransUnion

Experian

Equifax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where is Equifax's headquarters located?

Atlanta

New York

Southern California

Illinois

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Approximately how many consumers do the major credit reporting agencies maintain information on?

100 million

220 million

330 million

500 million

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term is used to describe individuals without a credit report?

Credit ghosts

Credit invisibles

Credit blanks

Credit voids

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might someone not have a credit report?

They have a poor credit score

They have never borrowed money

They are under 18 years old

Both A and B

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Do credit reporting agencies share information with each other?

Only if requested by a consumer

No, never

Only in specific scenarios

Yes, always

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