Credit Reports

Credit Reports

Assessment

Flashcard

Mathematics

11th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a credit report?

Back

A credit report is a detailed record of an individual's credit history, including information about credit accounts, payment history, and public records such as bankruptcies.

2.

FLASHCARD QUESTION

Front

True or False: Not paying rent can affect your credit report.

Back

True

3.

FLASHCARD QUESTION

Front

How often can you request a free credit report from each of the primary credit bureaus?

Back

Once a year.

4.

FLASHCARD QUESTION

Front

What events can trigger the creation of a credit report?

Back

Declaring bankruptcy, taking out a student loan, and borrowing money from a company.

5.

FLASHCARD QUESTION

Front

Why is it important to review your credit report annually?

Back

To guard against identity theft and ensure the accuracy of the information.

6.

FLASHCARD QUESTION

Front

What is a credit inquiry?

Back

A credit inquiry occurs when a person or company checks your credit report to make a lending decision.

7.

FLASHCARD QUESTION

Front

What information is typically included in a credit report?

Back

Credit accounts, payment history, credit inquiries, and public records.

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