WorksheetsR6 Research: Fair Credit Reporting Act Web Quest
Total questions: 10
Worksheet time: 8mins
True or False:
The FCRA applies only to the 3 main credit reporting bureaus -- Equifax, Experian, and TransUnion.
False
True
True or False:
Under FCRA, each credit bureau must also provide your credit score, free of charge(once a year), if you request it.
True
False
True or False:
FCRA allows you to opt out of receiving credit card promotions based on your credit
history.
False
True
True or False:
Equifax, Experian, and TransUnion are legally obligated to provide accurate information.
True
False
Which example of people or organizations who can request to see your credit report is not true?
Mortgage Lenders
Insurance companies
General Public
Government Agencies
What is the maximum amount of time a negative item (late payment, missed payment,
default, bankruptcy) can stay on your credit report?
Approximately 3 years
Approximately 7 months
Approximately 5 years
Approximately 7 years
If you review your credit report and find an error, and you’re able to prove it is, indeed, an
error, how long does the credit bureau have to remove the error?
Within a year
Within six months
Within 30 days
Within 30 minutes
There are three main credit reporting bureaus -- Equifax, Experian, and TransUnion. How
frequently can you request and receive a free credit report from each bureau?
Once a year
Once every six months
Once a week
Once a month
Which of these are the three bureaus?
Experian
TransUnion
Equifax
All of the above
Suppose you apply for an apartment, and the landlord informs you that, based on your credit
report, she is not going to rent you the apartment. According to FCRA, what information must she legally provide you about that decision?
Name
Address
Phone number
All the above
