Understanding Credit Reports and Scores
Flashcard
•
Other
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
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17 questions
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1.
FLASHCARD QUESTION
Front
Why is understanding credit scores and reports important?
Back
They play a major role in significant financial decisions.
2.
FLASHCARD QUESTION
Front
What is a credit report primarily used for?
Back
To determine your financial dependability.
3.
FLASHCARD QUESTION
Front
Which of the following is NOT a section in a credit report? Identifying information, Credit accounts, Travel history, Credit inquiries
Back
Travel history
4.
FLASHCARD QUESTION
Front
What should you do if you find incorrect information on your credit report?
Back
Inform the reporting agencies immediately.
5.
FLASHCARD QUESTION
Front
Where can you access your free annual credit reports?
Back
annualcreditreport.com
6.
FLASHCARD QUESTION
Front
What is a potential sign of identity theft on a credit report? A high credit score, Incorrect information, A long credit history, A low number of credit inquiries
Back
Incorrect information
7.
FLASHCARD QUESTION
Front
What is a credit score similar to? A bank statement, A tax return, A financial report card, A shopping list
Back
A financial report card
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