Which of the following service providers may use credit scores to decide whether a person can buy a service and/or what price he or she will pay?

• Gas/Electric Company

• Care Loan Lender

• Credit Card Issuer

• All of the answer choices are correct.

Which of the following does a credit score mainly indicate?

• Amount of consumer debt

• Financial resources to pay back the loan

• Risk of not repaying the loan

• Knowledge of consumer credit

Who collects the information that makes the basis for credit scores?

• Experian, Equifax, and TransUnion

• FICO

• Credit card companies

• Bankers

Which of the following is considered a low credit score?

• 500

• 600

• 700

• 800

Which of the following helps raise a low score or maintain a high one?

• Reduce the number of open credit accounts at once.

• Keep credit card balances below 25% of the limit.

• Make payments on time.

• All of the answer choices are correct.

Credit Reporting bureaus decide whether or not I can get credit.

• True

• False

Credit information can stay on my credit report for over 7 years.

• True

• False

I need to pay my bills on time to maintain a good credit score.

• True

• False

When I apply to borrow money for a car, the lender will most likely look at my credit history?

• True

• False

I need to pursue legal avenues if I find incorrect information on my credit report.

• True

• False