Credit Reports/Credit Scores

A numerical summary of your credit history that indicates your credit worthiness

• Credit Score

• Credit Report

Tags

CCSS.HSS.IC.B.4

How long will Late or missed payments remain on your credit report?

• Never on a credit report

• Two years

• Seven Years

• Ten years

When I apply to borrow money for a car, the loan company will most likely look at my credit history.

• True
• False

Tags

CCSS.6.SP.B.5

Regularly paying my bills late could negatively affect my credit history.

• True

• False

Tags

CCSS.RI.6.1

CCSS.RI.6.8

CCSS.RI.7.8

CCSS.RL.6.1

CCSS.RL.7.1

I need to first pay bills, such as a loan or a phone bill to establish credit history.

• True
• False

Paying the entire amount on my credit card creates a bad credit history.

• True
• False

Tags

CCSS.RL.11-12.6

I should review my credit report for errors.

• True
• False

Late payments are retained on credit reports for 7 years.

• True
• False

A credit report contains my personal information such as my address and social security.

• True
• False

Tags

CCSS.RI.5.7

CCSS.RI.6.7

CCSS.RI.7.7

CCSS.RL.6.7

CCSS.RL.7.7

When financing a car, which credit score will warrant the best rate?

• 850

• 450

• 300

• 250