Credit Test

Front

How are credit reports and credit scores related?

Back

A credit score is determined by the factors in your report.

Front

Where can you go to get a free copy of your credit report? Options: annualcreditreport.com, getmycreditreport.com, creditreport.gov

Back

annualcreditreport.com

Front

How can a thin file impact you?

Back

Lenders may decline your application for a loan.

Front

Which type of debt usually CANNOT be erased from your credit report? Options: Federal student loans, Credit card debt, Medical bills

Back

Federal student loans

Front

What information can you find on your credit report? Options: Your medical insurance information, Your parents' and siblings' contact information, Inquiries you've made on new lines of credit

Back

Inquiries you've made on new lines of credit

Front

All of the following can access your credit report Except ? A landlord, A future employer, Insurance companies

Back

Colleges and universities

Front

Which of the following is true about finding errors on your credit report? Options: You may have to file a dispute with each credit bureau, You should wait until the end of the month before reporting

Back

You may have to file a dispute with each credit bureau

Front

A car loan would be considered an installment loan?

Back

True

Front

What is a cosigner?

Back

Someone who's credit would back you signing for a loan and would become responsible for the debt in the event they stop paying on the loan.

Front

A negative event such as a Bankruptcy can have a Worse impact on a higher credit score?

Back

True