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Financial Literacy Credit Reports

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

How often can you run a credit report?

a)

As often as you like but once for free

b)
Only when applying for a loan
c)

whenever you want

d)
Never
2.

What website can you get a credit report?

c)

In an EXE file sent through email every year

3.

Whats a reason people put red flags on their credit report?

a)

leaked info

b)

 Compromised info

c)

false info

d)

both A&B

4.

Who can request to see your credit report


a)

parent

b)

.employers

c)

.brother/sister 

d)

 friend

5.

What reason could a bank deny you a loan?


a)
  1. Bankruptcy

b)
  1. Foreclosure

c)
  1. All of the above

d)
  1. 6 OPEN credit cards 

6.

When would you get another free credit report?

a)

friend asks you

b)

 whenever you want

c)

 identity theft

7.

True or false?Does a credit berau HAVE to give your credit report free of charge (once a year)


a)

true

b)

false

8.

Your able to opt out of receiving credit card promotions bases on your history

a)

true

b)

false

9.

equifax,Experian, and TransUnion are legally obligated to provide accurate information


a)

true

b)

false

10.

The FCRA only apply to three main credit bureaus,Equifax,Experian, and TransUnion

a)

false

b)

true