Credit

Why is it important to establish positive credit history?

• Higher credit scores result in lower interest rates on loans.

• You are more likely to be offered a loan by a bank.

• Positive credit history results in higher credit scores.

• All of the above.

How long will a negative credit action usually remain on a credit report?

• 4 years

• 11 years

• 7 years

• 15 years

What is important in establishing good credit?

• Make payments on time.

• Being late on payments.

• Spending 100% of your credit limit.

• Making a payment.

What is included under credit history on a credit report?

• Date of birth

• Late Payments

When goods, services and/or money is received in exchange for a promise to pay back a definitive sum of money at a future date.

• Tax lein

• Credit report

• Credit history

• Credit