MANAGING CREDIT UNIT TEST

Front

All of the following would show up on a credit report EXCEPT...
Student loan activity, Credit card payment history, Payment history of your car loan, Salary of your current job

Back

Salary of your current job

Front

The single best way to improve your credit score is?

Back

Make on-time payments.

Front

Which of the following individuals or groups would be the LEAST likely to look at your credit score?
Someone interviewing you for a job,
Credit card companies,
An insurance company reviewing your applicant for auto insurance,
A bank representative who is helping you open a savings account

Back

A bank representative who is helping you open a savings account

Front

Credit reporting agencies (Equifax, Experian and TransUnion)

Back

Track all your credit information.

Front

You find an error on your credit report: Your credit card account indicates that you are 60 days late on your payment but you have bank records indicating that you have always made on-time payments. What should you do FIRST? Options: Call your bank, Contact the credit card company to have them fix it, Cut up your credit card

Back

Contact the credit card company to have them fix it

Front

The amount you can charge to a secured credit card is limited by...

Back

The amount of money you deposit into the account as collateral.

Front

What is the high rate method for paying off debt?

Back

A strategy to pay off multiple sources of debt if you want to pay the lowest amount of interest over time.

Front

What is the general timeline to establish your first credit score?

Back

6 months after you first actively use credit.

Front

A key factor influencing credit scores is: Recent inquiries, Monthly expenses, Martial status, Education level

Back

Recent inquiries

Front

All of the following are part of a credit report EXCEPT:
Spending Habits, Loan Repayment, Credit Limit Utilization, Current Credit Inquiries

Back

Spending Habits