Credit Report

If you're trying to buy a car or take out a loan, why would they check your credit?

• To see how much money you make.

• To see how responsible you are and how likely you'll pay back the loan.

• To see how many debit accounts you have open.

• To see if you graduated college.

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A credit report contains my personal information such as my address and social security.

• True
• False

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Late payments are retained on credit reports for 7 years.

• True
• False

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A bad credit report cannot affect my chances of getting a job.

• True
• False

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Which is an exceptional credit score?

• 672

• 555

• 713

• 813

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My credit history does not affect my chances for renting my first apartment.

• True

• False

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Paying my bills late could negatively affect my credit history.

• True

• False

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Numerous credit applications in a short period of time.

• Positive Impact
• Negative Impact

Which is not included in an individual’s credit report?

• Current and past addresses
• Account balances
• Bankruptcies and foreclosures
• Medical information

Why is it important to establish positive credit history?

• Higher credit scores result in lower interest rates on loans

• You are more likely to be offered a loan by a bank

• Positive credit history results in higher credit scores

• All of the above