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WorksheetsCredit Score and Reporting Agencies Quiz
Total questions: 8
Worksheet time: 7mins
What is the impact on a credit score when a business card account is cancelled?
The impact can be predicted accurately.
The credit score will definitely improve.
The impact cannot be predicted because the credit reporting agencies issue the score.
Cancelling the account will have no impact on the credit score.
Who should be contacted for questions about both the Small Business Financial Exchange (SBFE) and Dun & Bradstreet (D&S) if an account is closed?
The credit card company.
The Small Business Financial Exchange.
The credit reporting agencies - Contact Information
The Federal Reserve.
What information is used by credit reporting agencies to determine an individual's creditworthiness?
What should you not do when a Card Member wants to review their consumer or business CBR?
Provide the credit reporting agency's toll-free number.
Refer them to the Small Business Financial Exchange (SBFE).
Refer them to Dun & Bradstreet (D&B) for specific inquiries.
Assist the Card Member with their request.
What type of information does Dun & Bradstreet report after account cancellation?
Only positive information
Only negative information if the account is 120 days aged with a balance
Both positive and negative information
Only negative information regardless of account age or balance
When does SBFE report an account as delinquent?
When the Card Member misses 1 consecutive payment
When the Card Member misses 2 consecutive payments
When the Card Member misses 3 consecutive payments
When the Card Member misses 4 consecutive payments
Which accounts do we not report information concerning to business credit report agencies?
Lending accounts closed due to inactivity
Basic Card Member to the agencies
Business entity to business credit report agencies
Additional Card on the account
Under which circumstance would we request a credit bureau report?
When a Card Member requests not to order a CBR
After every new account application
When a Consumer Fraud Victim Statement appears on the Basic Card Member's CBR
Only for balance transfers
