What are credit reports?

What is a credit report?

• A document that lists your personal achievements

• A report that describes your credit history and financial responsibility

• A summary of your educational background

• A list of your favorite books

What does a credit score represent?

• Your age

• A three-digit number rating you as a credit risk

• The number of credit cards you own

• Your annual income

Which of the following is NOT included in the personal information section of a credit report?

• Social security number

• Employment history

• Favorite hobbies

• Marital status

What type of information do credit agencies receive from companies you do business with?

• Your favorite movies

• Your payment, debt, and credit information

• Your travel history

• Your dietary preferences

Which section of the credit report lists current and past creditors?

• Personal information

• Credit history

• Inquiries into your credit history

• Public records

What is the purpose of inquiries into your credit history?

• To list your favorite restaurants

• To list anyone who has accessed your credit report for new credit

• To list your educational achievements

• To list your family members

Which of the following is a public record that could appear on your credit report?

• Your favorite sports team

• Bankruptcies

• Your pet's name

• Your favorite color

How many credit agencies keep files on consumers?

• One

• Two

• Three

• Four

Which of the following is NOT a credit agency mentioned in the document?

• Equifax

• TransUnion

• Experian

• CreditKarma

Why should consumers check their credit reports for accuracy?

• To find new job opportunities

• To ensure there are no unfamiliar accounts or errors

• To update their social media profiles

• To plan their next vacation