Credit Score, Bureaus, Records

Before granting you credit, a creditor will check into your past credit performance

• True

• False

When you are denied credit, you have the right to ask why were you denied.

• True

• False

Any negative information that could harm your ability to get credit remains in your credit report for 10 years.

• True

• False

As long as your pay your bills within the grace period is it considered on time

• True

• False

Credit reports are issued by

 

 

• banks

• your employer.

• credit bureaus.

• credit unions.

.Which of the following might be included in your credit report?

 

 

 

 

• your marital status

• your address

• your occupation

• all of the above can be included in your credit report

Items used to calculate your credit score

• Payment history & Amounts owed

• Length of your credit history

• Types of credit & new credit

• All of the above

There are five C's of credit

• Character & Capacity

• Capital

• Conditions & Collateral

• All of the above

A credit freeze is requested

• by the bank

• by the credit card company

• by you

• by the credit bureau

If you are determined to be creditworthy you are

• A bad risk

• do not pay bills on time

• A good risk

• you have no credit