Understanding Credit

Front

Taking out a loan builds credit history.

Back

True

Front

A car loan doesn't count on your credit report.

Back

False

Front

Credit score relates to credit history.

Back

True

Front

Credit score rarely changes.

Back

False

Front

More credit cards = better credit score?

Back

False

Front

Cancelling a credit card after paying off its balance affects your credit score.

Back

False

Front

Credit reporting agencies can have inaccuracies in their reports.

Back

True

Front

Credit card = type of loan.

Back

True

Front

Signing for a debit card purchase clears funds faster.

Back

False

Front

A debit card is backed by a bank loan.

Back

False