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WorksheetsCredit Report & Scores
Total questions: 15
Worksheet time: 1hrs 15mins
A record of the borrower’s past loan and credit‐related transactions.
credit score
credit card
credit report
open end credit
A loan of a certain amount of money that a borrower must repay in a specified number of equal payments.
open-end credit
close-end credit
When goods, services, and/or money is received in
exchange for a promise to pay back a definite sum of money at a future date.
tax lien
credit report
credit history
credit
A person or organization who makes funds available to borrow.
lender
borrower
Maintaining a reasonable amount of unused credit.
This creates POSITIVE credit
This creates NEGATIVE credit
Always paying bills late.
This creates POSITIVE credit
This creates NEGATIVE credit
Submitting numerous credit applications in a short period of time.
This creates POSITIVE credit
This creates NEGATIVE credit
Checking credit reports annually to search for mistakes.
This creates POSITIVE credit
This creates NEGATIVE credit
Which of the following is NOT on a credit report?
Late medical payments
Repayment history
Buying habits (what you are buying)
Public records
A negative credit report may impact an individual’s ability to receive all of the following EXCEPT?
Insurance
Apartment
Loan
Traffic ticket
Inquiries stay on a credit report for....
2 years
7 years
10 years
Never on a credit report
Always on your credit report
Late payments stay on a credit report for....
2 years
7 years
10 years
Never on a credit report
Always on your credit report
Open accounts in "good standing" stay on a credit report for....
2 years
7 years
10 years
Never on a credit report
Always on your credit report
Medical information stays on a credit report for....
2 years
7 years
10 years
Never on a credit report
Always on your credit report
Closed accounts stay on a credit report for....
2 years
7 years
10 years
Never on a credit report
Always on your credit report
