FINE PRINT: Credit Report

First Name:

Last Name:

Hour:

• 2nd
• 3rd

1. This is the credit report for how many people?

• 1
• 2
• 3
• 4

2. How long of a mortgage did Lillie take out?

• 40 months
• 5 years
• 30 years
• 360 years

3. Which statement about Lillie’s mortgage is FALSE?

• She currently owes $360,595
• She started paying this mortgage in November 2012
• She makes more than the monthly minimum payment
• She is on-time with all of her payments

4. What accounts does Lillie T. Lane have open at this time?

• One mortgage
• One mortgage and one credit card
• One mortgage and two credit cards
• One mortgage, two credit cards, and one bank account

5. What is the credit limit on Lillie’s First USA Bank credit card?

• $1,684
• $2,695
• $5,500
• $8,850

6. What was the highest balance Lillie had on her credit card?

• $1,684
• $2,695
• $5,500
• $8,850

7. Which statement is true about Lillie’s past due account(s)?

• She’s 30 days overdue, by $50, on 1 account
• She’s 30 days overdue, by $50, on 1 account AND she’s 60 days overdue, by $50, on a second account
• She’s 60 days overdue, by $50, on 1 account
• She’s 90 days overdue, by $50, on 1 account