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Credit Review (3)

Total questions: 10

Worksheet time: 20mins

Name
Class
Date
1.

Which of the following detail how a person has used credit in the past?

a)

Credit Statement

b)

Credit Report

c)

Credit Card

d)

Credit Layout

2.

Choose each of the following things that are included in a credit report.

a)

Where you live and work

b)

Whether you have been on time or late with payments

c)

Whether anyone's taken legal action against you for your debts

d)

Loan amounts, credit limits, and balances on all of your credit accounts

3.

Which of the following is someone who agrees to repay the debt if you don't?

a)

Cosigner

b)

Lender

c)

Banker

d)

Partner

4.

Using debit cards and prepaid credit cards cannot help you build credit references.

a)

True

b)

False

5.

Which of the following is a three-digit number based on a person's credit report?

a)

Credit number

b)

Credit score

c)

Credit value

d)

Credit balance

6.
When I apply to borrow money for a car, the loan company will most likely look at my credit history.
a)
True
b)
False
7.
A bad credit report cannot affect my chances of getting a job.
a)
True
b)
False
8.

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

a)

True

b)

False

9.

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

a)

True

b)

False

10.

Paying my bills late could negatively affect my credit history.

a)

True

b)

False