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

Front

Failing to pay federal student loans may result in: Reduced student loan interest, Higher credit score, Tax refund garnishments, Revocation of your degree

Back

Tax refund garnishments

Front

A cosigner on a loan can help by:

Back

Boosting approval odds

Front

Which of the following is TRUE about a credit report?
Options:
It is a complete history of one type of credit you have
Credit reports are maintained by the 5 main credit bureaus
You can get a copy of your credit report for free
You can get a credit report only when you're 21 years old

Back

You can get a copy of your credit report for free

Front

Which of the following does NOT contribute to your credit score?
Your payment history,
Your debt-to-credit ratio,
Length of credit history

Back

Which banks issued your credit cards

Front

Establishing credit early can help with: Quick loan approvals, Higher credit card limits, Avoiding yearly credit checks, Getting better interest rates

Back

Getting better interest rates

Front

Which of the following is TRUE about finding errors on your credit report?
You may have to file a dispute with each credit bureau,
You should wait until the end of the month before reporting,
Finding errors is common & is not a big deal,
Overlooked errors may result in you paying a fine

Back

You may have to file a dispute with each credit bureau

Front

The main advantage of a secured credit card is:

Back

Improving credit score

Front

Why might older individuals typically have higher credit scores? Options: They have had more time to accumulate wealth, They have paid more taxes, They always earn more than younger individuals, They have longer credit histories

Back

They have longer credit histories

Front

How often should you check your credit report for errors?

Back

At least once a year