WorksheetsFINE PRINT: Credit Report
Total questions: 11
Worksheet time: 25mins
This is the credit report for how many people?
1
2
3
4
How long of a mortgage did Lillie take out?
40 months
5 years
30 years
360 years
Which statement about Lillie’s mortgage is FALSE?
She currently owes $360,595
She started paying this mortgage in November 2012
She makes more than the monthly minimum payment
She is on-time with all of her payments
What accounts does Lillie T. Lane have open at this time?
One mortgage
One mortgage and one credit card
One mortgage and two credit cards
One mortgage, two credit cards, and one bank account
What is the credit limit on Lillie’s First USA Bank credit card?
$1,684
$2,695
$5,500
$8,850
What was the highest balance Lillie had on her credit card?
$1,684
$2,695
$5,500
$8,850
Which statement is true about Lillie’s past due account(s)?
She’s 30 days overdue, by $50, on 1 account
She’s 30 days overdue, by $50, on 1 account AND she’s 60 days overdue, by $50, on a second account
She’s 60 days overdue, by $50, on 1 account
She’s 90 days overdue, by $50, on 1 account
How many months did Lillie make on-time payments for her line of credit at Astoria Federal Savings?
29
39
40
You cannot tell from this credit report
According to this credit report, how many accounts has Lillie had sent to collections?
0
1
2
3
When did Lillie allow an external company access to her credit report specifically for an auto loan?
5/10/2015
6/5/2015
12/15/2016
5/10/2017
Use what you learned from analyzing the credit report to answer this question. A friend of yours is graduating college next month. He has had a credit card and student loans for the past few years, but he’s never bothered to check his credit report. a. Why is it vital that your friend reviews his credit report? How soon would you recommend he does so and why? b. Which sections of information in his credit report should he pay particular attention to given his situation?
