Credit Reports

My credit history does not affect my chances for renting my first apartment.

• True

• False

To build a positive credit history, I should pay cash for all purchases.

• True

• False

Routinely paying my bills late could negatively affect my credit history.

• True

• False

When I apply to borrow money for a car, the loan company will most likely look at my credit history.

• True

• False

A bad credit report cannot affect my chances for getting a job.

• True

• False

Your credit score is not configured off of which of the following:

• Payment history

• Amount of money owed

• Grades in School

• Length of credit history

Which is not included in an individual’s credit report?

• Current and past addresses
• Account balances
• Bankruptcies and foreclosures
• Medical information

Information about my purchases in cash or with a debit card appear on my credit report

• True

• False

Lenders may use your credit report information to decide whether you can get a loan and the terms you get for a loan. Is this statement True or False?

• True

• False

True or false:

Late payments are noted on a credit report.

• True

• False