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Worksheets

Test Questions

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

FCRA allows you to opt-out of receiving credit card promotions based on your credit history.

a)

True

b)

False

2.

Bankruptcy can stay on your credit report for only 5 years.

a)

True

b)

False

3.

How often can you get a free credit report?

a)

 3 times a year

b)

B. After you get your paycheck

c)

Once a year annually

d)

Every 2 weeks

4.

Typically, how long is a late payment allowed to stay in your credit report?

a)

7 Years

b)

A month

c)

10 days

d)

7 days

5.

The credit bureaus can no longer ask for a credit report identification number when you report a dispute.

a)

True

b)

False

6.

What are 3 situations that the credit bureaus would have to provide you with an additional free report?

a)

If you are on welfare

b)

If you have been a victim of identity theft

c)

f your credit report contains inaccurate information resulting from identity theft

d)

All of the above

7.

If you find an error in your credit report and are able to prove it, what is the amount of time the credit bureau has to fix it?

a)

One year

b)

30-45 days

c)

10 days

d)

5 months

8.

What information is legally required to be given to you when denied an apartment?

a)

The landlords name

b)

Their address and credit score

c)

Their social security number

d)

Only answers A and B

9.

Why would someone want to put a ‘red flag’ on their own credit report?

a)

If you think your information has been compromised

b)

Just because you want to

c)

To get a free credit report

d)
  1.  You want a higher credit score

10.

 Why might a company ask to see your credit report? Choose all that apply

a)

Car loan

b)

Buying a dog

c)

Buying clothes

d)

House loan