Credit Reports 12_1

Credit Reports 12_1

Assessment

Flashcard

Financial Education

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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30 questions

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1.

FLASHCARD QUESTION

Front

My credit history does not affect my chances for renting my first apartment. Is this statement True or False?

Back

True

2.

FLASHCARD QUESTION

Front

Routinely paying my bills late could negatively affect my credit history. Is this statement True or False?

Back

True

3.

FLASHCARD QUESTION

Front

To build a positive credit history, I should pay cash for all purchases. Is this statement True or False?

Back

False

4.

FLASHCARD QUESTION

Front

When I apply to borrow money for a car, the loan company will most likely look at my credit history. Is this statement True or False?

Back

True

5.

FLASHCARD QUESTION

Front

I need to first pay bills, such as a loan or a phone bill to establish credit history. Is this statement True or False?

Back

True

6.

FLASHCARD QUESTION

Front

The more credit cards I have the higher my credit score will be. Is this statement True or False?

Back

False

7.

FLASHCARD QUESTION

Front

Having a small amount of debt is good for my credit history. Is this statement True or False?

Back

True

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