Credit Reports Quiz

What type of information is included in a credit report?

• Personal information

• Employment information

• All of the above

• Credit accounts

Which of the following is not a type of credit account listed in a credit report?

• Car insurance

• Student loans

• Mortgages

• Credit cards

What details are provided for each credit account in a credit report?

• Employment information and credit limit

• Payment history and current balance

• Address and date opened

• Date of birth and Social Security number

What does the payment history section of a credit report show?

• Information about bankruptcies and court judgments

• Credit inquiries made into the individual's credit report

• Record of payments made on time or late

• Details of any missed or late payments

What are credit inquiries in a credit report?

• Accounts sent to a collection agency

• Background checks on the individual

• Record of payments made on time or late

• List of credit accounts

Which of the following is considered a public record in a credit report?

• Missed or late payments

• Accounts sent to a collection agency

• Tax liens and court judgments

• Credit inquiries

What does it mean if an account is sent to a collection agency?

• The individual has missed or late payments

• The individual has a low credit score

• The individual has a lot of credit inquiries

• The individual has a high credit score

What is the purpose of a credit report?

• To evaluate an individual's creditworthiness

• To track an individual's employment history

• To determine an individual's tax liability

• To provide personal information to employers