Credit Score and Reporting Agencies Quiz

What is the impact on a credit score when a business card account is cancelled?

• The impact can be predicted accurately.

• The credit score will definitely improve.

• The impact cannot be predicted because the credit reporting agencies issue the score.

• Cancelling the account will have no impact on the credit score.

Who should be contacted for questions about both the Small Business Financial Exchange (SBFE) and Dun & Bradstreet (D&S) if an account is closed?

• The credit card company.

• The Small Business Financial Exchange.

• The credit reporting agencies - Contact Information

• The Federal Reserve.

What information is used by credit reporting agencies to determine an individual's creditworthiness?

What should you not do when a Card Member wants to review their consumer or business CBR?

• Provide the credit reporting agency's toll-free number.

• Refer them to the Small Business Financial Exchange (SBFE).

• Refer them to Dun & Bradstreet (D&B) for specific inquiries.

• Assist the Card Member with their request.

What type of information does Dun & Bradstreet report after account cancellation?

• Only positive information

• Only negative information if the account is 120 days aged with a balance

• Both positive and negative information

• Only negative information regardless of account age or balance

When does SBFE report an account as delinquent?

• When the Card Member misses 1 consecutive payment

• When the Card Member misses 2 consecutive payments

• When the Card Member misses 3 consecutive payments

• When the Card Member misses 4 consecutive payments

Which accounts do we not report information concerning to business credit report agencies?

• Lending accounts closed due to inactivity

• Basic Card Member to the agencies

• Business entity to business credit report agencies

• Additional Card on the account

Under which circumstance would we request a credit bureau report?

• When a Card Member requests not to order a CBR

• After every new account application

• When a Consumer Fraud Victim Statement appears on the Basic Card Member's CBR

• Only for balance transfers