WorksheetsUsing Credit 1 Quiz
Total questions: 15
Worksheet time: 8mins
What is the address listed in the public records section of the credit report example?
184 2nd St., Chicago, CA
123 Main St., Los Angeles, CA
456 Elm St., San Francisco, CA
789 Pine St., San Diego, CA
What does a bankruptcy indicate in a credit report?
A legal status that declares you cannot pay your bills
A high credit score
A recent job change
A new credit card application
What information is listed under "Credit Inquiries" on a credit report?
Names of those who have obtained a copy of your credit report
Your credit score
Your bank account balance
Your monthly expenses
What is a potential negative impact of credit inquiries?
They can negatively impact your credit score
They can increase your bank balance
They can improve your credit score
They can reduce your monthly expenses
What does the "credit cards, loans and other debt section" provide in a credit report?
A summary of your credit score
A breakdown of each credit account tied to you
A list of your monthly expenses
A history of your employment
What is the balance for the "Budget Phone" account?
$1,000
$57.61
$2,375
$5,000
What is the high balance for the "Flight Visa" account?
$1,000
$57.61
$2,375
$5,000
What is the limit for the "Flight Visa" account?
$1,000
$57.61
$2,375
$5,000
What is the payment status of the "Budget Phone" account?
Good
Past Due
Closed
Delinquent
What is one of the factors listed that will allow for a good credit score?
Accounts in poor standing
Accounts in good standing
High income
Low expenses
What does a credit score of 782 indicate about total debt?
More than 20% of income
Less than 15.5% of income
Equal to 15.5% of income
No debt
How does a credit score influence interest rates on loans?
No influence
Directly influences
Indirectly influences
Lowers interest rates
What is the recommended debt-to-income ratio to maintain?
50%
36%
75%
90%
What is a benefit of having stable employment?
It makes you appear more reliable
It decreases your credit score
It has no effect
It increases your debt
How many days is the payment past due for the Flight Visa account?
10 days
15 days
20 days
30 days
