Credit Score Quizziz

A credit score is basically a report card on my debt and repayment of debt. It allows banks and lenders to make decisions on if I can receive a loan or rent something.

• True

• False

If I find incorrect information on my credit report then I must hire an attorney to fix it.

• True

• False

Anyone who has my permission and a good reason can access my credit report.

• True

• False

Credit Reporting Bureaus decide whether or not I can get a loan

• True

• False - they just provide the information to potential lenders

It is my responsibility to make sure my credit report is accurate and up to date.

• True

• False

I need to pay my bills on time to have a good credit history.

• True

• False

The three C's that are used to determine credit are character, capacity, and and collateral.

• True

• False

Information, both good and bad, can stay on my credit report for 10 years.

• True

• False

If I can't pay my bills on time then I just need to stop answering the phone and screen my calls.

• True

• False

Credit and Loan companies only report to credit reporting bureaus when I apply for a loan.

• True

• False - can report monthly