Credit profile: understanding your credit profile
Authored by Emica Dumesle
Life Skills
12th Grade
Used 15+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What are the two components of a credit profile?
a) Employment History & Salary
b) Credit Report & Interest Rates
c) Bank Balances & Transaction History
d) Credit History & Credit Score
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Legally, bankruptcies and tax liens cannot be included on a credit report.
True
False
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is/are example(s) of a “revolving” line of credit?
a) Student Loan
b) Personal Loan
c) Credit Card
d) All of the above
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following information is not taken into consideration for generating credit history and credit score? More than one answer may be correct.
a) Criminal Record
b) Employment History
c) Payment History
d) A persons age
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of these factors carries the largest weight with both the credit scoring systems, FICO and Vantage Score?
a) Length of credit history
b) Payment history
c) Types of credit
d) Amounts currently owed
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
7. It is possible to receive a 796 credit score from TransUnion and an 806 credit score from Equifax.
True
False
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
8. Which of the following is a valid credit score? More than one answer may be correct. a) 475 b) 150 c) 743 d) 995
a) 475
b) 150
c) 743
d) 992
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