Using Credit 1 Quiz

What is the address listed in the public records section of the credit report example?

• 184 2nd St., Chicago, CA

• 123 Main St., Los Angeles, CA

• 456 Elm St., San Francisco, CA

• 789 Pine St., San Diego, CA

What does a bankruptcy indicate in a credit report?

• A legal status that declares you cannot pay your bills

• A high credit score

• A recent job change

• A new credit card application

What information is listed under "Credit Inquiries" on a credit report?

• Names of those who have obtained a copy of your credit report

• Your credit score

• Your bank account balance

• Your monthly expenses

What is a potential negative impact of credit inquiries?

• They can negatively impact your credit score

• They can increase your bank balance

• They can improve your credit score

• They can reduce your monthly expenses

What does the "credit cards, loans and other debt section" provide in a credit report?

• A summary of your credit score

• A breakdown of each credit account tied to you

• A list of your monthly expenses

• A history of your employment

What is the balance for the "Budget Phone" account?

• $1,000

• $57.61

• $2,375

• $5,000

What is the high balance for the "Flight Visa" account?

• $1,000

• $57.61

• $2,375

• $5,000

What is the limit for the "Flight Visa" account?

• $1,000

• $57.61

• $2,375

• $5,000

What is the payment status of the "Budget Phone" account?

• Good

• Past Due

• Closed

• Delinquent

What is one of the factors listed that will allow for a good credit score?

• Accounts in poor standing

• Accounts in good standing

• High income

• Low expenses