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WorksheetsFL - Credit
Total questions: 17
Worksheet time: 8mins
The three credit bureaus are
Experiant, TransUnion, and Equifall
Equifax, TransStation, and Experian
Experian, Equifax, and TransStation
Experian, Equifax, and TransUnion
The only way to have a FICO score is to have debt.
True
False
Statistically speaking, who is more likely to steal your identity?
Grocery store cashier
A family member
Your brand new neighbor
Person behind you in the check-out line
The website you use to check your credit reports is
www.annualcreditcheck.com
www.annualcreditreport.com
www.annualcreditscores.com
www.annualcreditlist.com
Your FICO score (Fair Issac Corporation) does NOT do what (select all that apply)?
Measures a person's purchasing power
Measures a person's credit risk
Measures a person's wealth
Measures a person's mortgage rate
If you have any inaccuracies on your credit reports, you have to contact them directly to start the process of fixing these errors.
true
false
To build credit history, you can (select all that apply)
put utility bills in your name when you rent a house or apartment
develop the habit of paying all your bills on time each month
miss your student loan payment periodically
open a credit card and use it responsibly by paying it off in full each month
make less than the minimum payment on your credit card
Your FICO score ranges from
300 - 820
350 - 800
300-850
350 - 830
A court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck and only allowed as part of a court judgement.
foreclosure
delinquency
repossession
garnishment
What is a credit rating?
A record of a particular consumer's transactions and payment patterns.
Evaluation of a consumer's credit history on how they pay back debt.
Not favoring traditional views and values; tending to oppose change; traditional or restrained in style; moderate, cautious
If your credit score is low you're (select all that apply).....
Less likely to be approved for a loan from a lender
More likely to be approved for a loan from a lender
More prone to make great decisions regarding your finances
Less prone to make great decisions regarding your finances
A high credit score equals a poorer rate on your loans and credit cards?
True
False
An introductory rate on a credit card is a teaser or promotional rate that is usually 0% up to a certain amount of business cycles.
True
False
